Specifically, the All-Share Index declined by 455.75 per cent, representing a decrease of 1.08 per cent, to close at 41,807.10 points. The market’s negative performance was driven by price depreciation in large and medium capitalised stocks which are; BUA Cement, MTN Nigeria Communications (MTNN), PZ Cussons Nigeria, May & Baker Nigeria and Ecobank Transnational Incorporated (ETI). Transactions in the shares of Jaiz Bank topped the activity chart with 17.652 million shares valued at N10.534 million. Union Bank followed with 16.801 million shares worth N101.826 million, while UAC of Nigeria (UACN) traded 12.884 million shares valued at N123.517 million. Transnational Corporation of Nigeria (Transcorp) traded 11.387 million shares valued at N11.254 million, while Sovereign Trust Insurance transacted 9.999 million shares worth N2.780 million.

Source: The Guardian December 30, 2021 12:00 UTC