The All Share Index decreased by 113.48 absolute points, representing a dip of 0.24 per cent to close at 47,322.97 points. Similarly, the market capitalisation lost N61 billion to close at N25.776 trillion.
Market breadth closed slightly negative, with 13 gainers versus 14 losers. Chams recorded the highest price gain of 9.09 per cent to close at 24 kobo, per share. Wapic Insurance followed with a gain of 6.06 per cent to close at 35 kobo, while NPF Microfinance Bank rose 5.33 per cent to close at N1.58, per share.
UACN appreciated by 53 per cent to close at N9.55 kobo. Fidelity Bank also gained 49 per cent to close at N4.12 kobo. Analysts at Vetiva Dealings and Brokerage said: “Profit taking action continued today, as gainers remain outnumbered, and we expect a similar trading session tomorrow. “ Union Bank of Nigeria dropped 4.58 per cent to close at N6.25 kobo. Stanbic IBTC lost 4.23 per cent to close at N30.55 kobo while AIICO shed 1.82 per cent to close at 54 kobo. Royal Exchange depreciated by 1.41 per cent to close at 70 kobo. Zenith Bank also shed 1.36 per cent to close at N21.70 kobo.
Source: News Formal (newsformal.com)
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