Equities market closed red as Skye Bank lead losers

Trading on the Nigerian Stock Exchange (NSE) went back on a negative walk after a day lift as Skye Bank led the losers.

All Share Index (ASI) depreciated by 0.44 per cent to close at 28,730.40 basis points, compared with the 0.15 per cent appreciation recorded on Tuesday, to leave its Year-to-Date (YTD) at returns currently stands at +0.31 per cent.

Market breadth also closed negative as 15 gainers were recorded against 25 losers at the end of trading session.

Skye Bank Plc led the losers table having depreciated in share value to 67 kobo from 73 kobo it traded representing 8.22 decline.

Conversely, Transnational Corporation of Nigeria Plc led the gainers chart having increased by 9.52 per cent or 14 kobo from its share price to close at N1.61 kobo against N1.47 kobo it traded.

Honeywell Flour Mills Plc also appreciated in share value to N1.47 kobo per share from N1.35 kobo, just as Axamansard Insurance Plc gained N0.09 kobo or 4.37 per cent to close at N2.15 kobo per share.

Also FCMB Group Plc moved its share price to N1.45 kobo from N1.39 kobo with 4.32 per cent increase, while NASCON Allied Industries Plc closed at eight naira per share having gained 33 kobo or 4.30 per cent to its share price.

Market turnover closes negative as volume declined by 8.30 per cent against 24.60 per cent decline recorded in the previous session.

Guaranty Trust Bank Plc, Zenith Bank Plc and Access Bank Plc were the toast of investors as were most active to boost market turnover, while Dangote Cement Plc and Guaranty Trust Bank top market value list.

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