The All-Share Index declined by 1.63 per cent, representing a decrease of 0.003 per cent, to close at 55,603.94 points. Similarly, the overall market capitalisation value lost N1 billion to close at N30.290 trillion.
The market negative performance was driven by price depreciation in large and medium capitalised stocks which are; MRS Oil Nigeria, Multiverse Mining and Exploration, Zenith Bank, NCR Nigeria and FBN Holdings . Afrinvest Limited said: “in the next trading session, we expect mild gains in the market as investors hunt for bargains.”
The market breadth was negative as 22 stocks lost relative to 10 gainers. Caverton Offshore Support Group recorded the highest price gain of 9.62 per cent to close at N1.14, per share. UAC of Nigeria followed with a gain of 7.60 per cent to close at N9.20 and Wapic Insurance up by 5.00 per cent to close at 42 kobo, per share.
AXA Mansard Insurance rose by 4.50 per cent to close at N2.09, while Chams Holding Company gained 3.85 per cent to close at 27 kobo, per share.
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