The All-Share Index dipped by 45.14 absolute points, representing a decline of 0.09 per cent to close at 52,612.55 points.The downtrend was caused by losses recorded in large and medium capitalised stocks such as Geregu Power, Nigerian Breweries, Nigerian Exchange Group, Champion Breweries, and Industrial and Medical Gas Nigeria.
As measured by market breadth, market sentiment was positive, as 20 stocks gained relative to 14 losers. Mutual Benefits Assurance recorded the highest price gain of 10 per cent, to close at 33 kobo, per share. Unilever Nigeria followed with a gain of 9.91 per cent to close at N12.20 kobo, per share, while C&I Leasing rose by 9.84 per cent to close at N3.46 kobo, per share.
Associated Bus Company went up by 9.68 per cent to close at 34 kobo, while International Energy Insurance appreciated by 8.16 per cent to close at 53 kobo, per share.
Time to stay alway from lending 🤔