Stock Market Loses 0.33% As Oil Prices Drop

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The All Share Index of the Nigerian Stock Exchange started the week with a 0.33% (90 points) dip, as world crude oil prices dropped to a record low. The market ended last week with a 0.23% (265 points) gain.

The local bourse ended the day at 27,179.28 points, while Market Capitalization for the market at the close of trading today was N9.3 Trillion.

A total of 2,710 deals were struck today, an increase from 2,843 deals recorded yesterday, while the total volume of shares traded on the floor today were 417,842,466 and the total value of transactions recorded today was N2.9 Billion.

GUINNESS led the gainers chart adding N2.45 to close at N127.45 followed by WAPCO and FLOURMILL which added N1.34 and N0.53 close at N91.34 and N21 respectively; BERGER and VANLEER added N0.49 and N0.46 to close at N10.34 and N9.83 respectively.

The losers chart was led by SEPLAT who lost N7.35 to close with a share price of N210 followed by FO and STANBIC who lost N6 and N0.79 to close with share prices of N242 and N16.11 respectively; OKOMUOIL and UACN lost N0.65 and N0.52 to close with share prices of N29 and N23.68 respectively.

The top five most actively traded shares by volume on the exchange today were CHAMPION with shares valued at N369 Million, TIGERBRANDS with shares valued at N79 Million, FBNH with shares valued at N254 Million, UBA with shares valued at N156 Million and ACCESS with shares valued at N134 Million.

The market breadth close negative as GUINNESS led 15 Gainers against 23 losers led by SEPLAT.

The market year to date is 21.58%.

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