The Nigerian equities market on Monday closed in red as the All Share Index closed lower by 1.53% to settle at 25,816.57 against the previous close of 26,216.46 points last Friday.
Market Capitalisation declined by 1.53% to close at N13.449 trillion against the previous close of N13.658 trillion thereby shedding N209 billion.
Aggregate volume of traded stocks closed at 325.26 million units, down by 21.87% from the previous close of 416.3 million units.
Value of traded stocks declined by 2.67% to close at N6.02 billion from the previous close of N6.19 billion.
Total number of deals at the close of trade was 5,054, down by 3.18% from the close of 5,220 deals.
Market Breadth
The Market Breadth closed negative as 9 stocks gained while 28 stocks declined in their share prices.
Percentage Gainers
Law Union & Rocks Insurance with 10% growth led other percentage gainers, closing at N0.99 from the previous close of N0.90.
AIICO Insurance, Eterna Plc, FCMB and Courtville among other gainers also grew their share prices by 7.79%, 5.53%, 5.26% and 5.00% respectively.
Percentage Losers
- Wapco, PZ, Nestle and Unilever led price decliners list, shedding 10% of their share prices respectively.
- NAHCO and CAP Plc both shed 9.96% of their share prices to close at N2.35 and N22.15 respectively.
- Learn Africa, Berger Paints, NCR Nigeria Plc and Redstar Express among other price decliners also shed their share prices by 9.82%, 9.63%, 9.47% and 9.23% respectively.
Volume Drivers
- Guaranty Trust Bank traded about 93.69 million units of its shares in 899 deals, valued at about N2.1 billion.
- Zenith Bank traded about 44.19 million units of its shares in 805 deals, valued at about N798.45 million.
- Nestle traded about 1.86 million units of its shares in 137 deals, valued at about N1.89 billion.