The All-Share Index declined by 86.52 points, representing a loss of 0.09 per cent, to close at 99,217.60 points. Similarly, the overall market capitalisation value lost N49 billion to close at N56.126 trillion.

The market negative performance was driven by price depreciation in large and medium capitalised stocks which are; Dangote Sugar Refinery, Lafarge Africa, Oando, Zenith Bank and Honeywell Flour Mills.

However, market breadth closed positive, as 27 stocks gained relative to 23 losers. Okomu Oil recorded the highest price gain of 10 per cent to close at N291.50, per share. John Holt followed with a gain of 9.79 per cent to close at N3.14, while Consolidated Hallmark Holdings increased by 9.43 per cent to close at N1.74, per share.

Secure Electronic Technology appreciated by 9.09 per cent to close at 60 kobo, while Regency Alliance Insurance rose by 7.14 per cent to close at 45 kobo, per share.

On the other hand, Oando led the losers’ chart by 9.75 per cent to close at N12.50, per share. University Press followed with a decline of 9.09 per cent to close at N2.50, while Academy Press lost 8.00 per cent to close at N1.84, per share.

Honeywell Flour Mills shed 7.94 per cent to close at N3.13, while UPDC lost 7.86 per cent to close at N1.29, per share.

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The market’s negative performance was driven by price depreciation in large and medium  capitalised stocks which are; Dangote Sugar Refinery, Transcorp Power, Ecobank Transnational Incorporated (ETI), Transnational Corporation (Transcorp) and FBNH Holdings (FBNH).

The All-Share Index declined by 511.02 points, representing a decline of 0.49 percent, to close at 104,136.35 points. Similarly, the overall market capitalisation value lost N289 billion to close at N58.880 trillion.

Investor sentiment, as measured by market breadth, closed negative as 20 stocks advanced, while 30 declined.

Ellah Lakes recorded the highest price gain of 10 percent to close at N3.63, per share. Morison Industries followed with a gain of 9.93 per cent to close at N1.55 and SUNU Assurance was up by 9.48 percent to close at N1.27, per share.

Caverton Offshore Support Group rose by 9.38 percent to close at N1.75, while Secure Electronic Technology gained 9.09 percent to close at 60 kobo, per share.

On the other hand, Dangote Sugar Refinery and International Energy Insurance led the losers’ chart by 10 percent each to close at N53.10 and N1.35 respectively, while Jaiz Bank followed with a decline of 9.92 percent to close at N2.18, per share.

Ikeja Hotels lost 9.72 percent to close at N5.85, while DEAP Capital Management & Trust shed 9.52 percent to close at 57 kobo, per share.

The total volume traded dipped by 39.34 percent to 306.822 million units, valued at N11.383 billion, and exchanged in 9,343 deals. Transactions in the shares of Nigeria Infrastructure Debt Fund (NIDF) topped the activity chart with 35.548 million shares valued at N4.052 billion.

Jaiz Bank followed with 23.511 million shares worth N52.573 million, while United Bank for Africa (UBA) traded 19.539 million shares valued at N519.286 million.

However, the Nigerian Breweries traded 17.435 million shares valued at N489.184 million, while Access Holdings transacted 15.285 million shares worth N363.869 million.

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The All-Share Index (ASI) shed 296.50 points, representing a decline of 0.28 per cent to close at 104,256.81 points. Also, market capitalisation dipped by N168 billion to close at N58.948 trillion.

Accordingly, the downturn was driven by price depreciation in large and medium capitalised stocks amongst which are; Julius Berger, FBN Holdings (FBNH), Vitafoam Nigeria, Berger Paints and Transnational Corporation (Transcorp).

However, investor sentiment, as measured by market breadth, closed positive as 29 stocks advanced, while 24 declined.

NEM Insurance and CWG emerged the highest price gainer of 10 per cent each to close at N8.80 and NN6.05 respectively while Juli followed with a gain of 9.98 per cent to close at N6.50, per share.

International Energy Insurance rose by 9.85 per cent to close at N1.45, while Thomas Wyatt Nigeria appreciated by 9.55 per cent to close at N2.18, per share.

On the other side, Secure Electronic Technology and The Initiates Plc (TIP) led others on the losers’ chart with 10 per cent each to close at 54 kobo and N2.16 respectively, while FBNH followed with a decline of 9.90 per cent to close at N39.60, per share.

Vitafoam Nigeria lost 9.88 per cent to close at N19.15, while Berger Paints depreciated by 9.80 per cent to close at N15.65, per share.

The total volume traded decreased marginally by 2.73 per cent to 298.652 million units, valued at N6.841 billion, and exchanged in 8,248 deals.

Transactions in the shares of FBNH led the activity with 37.807 million shares worth N1.573 billion.

United Bank for Africa (UBA) followed with account of 36.855 million shares valued at N954.382 million, while Access Holdings traded 28.087 million shares valued at N649.273 million.

Transcorp traded 21.573 million shares worth N322.628 million, while Fidelity Bank traded 19.814 million shares worth N200.457 million.

Meanwhile, Access Holdings Plc announced that its flagship subsidiary, Access Bank Plc has entered into a binding agreement with Kenyan-based KCB Group Plc for the acquisition of the entire issued share capital of National Bank of Kenya Limited from KCB. This acquisition is aimed at further strengthening the bank’s African expansion strategy.

Also, PZ Cussons Plc disclosed that the Securities and Exchange Commission (SEC) has declined the company’s ‘No Objection’ request for its majority shareholder, PZ Cussons (Holdings) Limited  intention to acquire the shares held by minority shareholders at an offer price of N23 per share.

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