Trading activities on the floor of the Nigeria Stock Exchange closed further lower on Monday, bringing the market to its fourth straight loss as the All Share Index declined 0.900% closing at 31,636.66 points as against the previous close of 31,924.51 points.
Market capitalisation also fell by 0.90% closing at N11.798 trillion, as against N11.905 trillion of the previous trading session, implying a loss of N107 billion
Volume of traded stocks declined by 44.97% to stand at 128 million units below 233 million units recorded on Friday while the Value of traded stocks appreciated marginally by 5.08% to close the day at N2.38 billion above N2.27 billion on Friday.
Market Breadth
14 stocks closed positive while 19 stocks lost, bringing the market breadth to a negative round off.
Percentage Gainers
CADBURY led other gainers chart, closing at 10.00% above the previous close of N11.00 to settle at N12.10
Other stocks on the gainers list are Mutual Benefit, NASCON, UNIONDAC and NPF Microfinance bank with 8.70%, 8.50%, 3.45% and 3.23% growth respectively.
Percentage Losers
Corner Stone Insurance tops the losers’ table. Shedding 8.70% of its share price. This is followed by Sterling Bank and Abbey Mortgage Bank both losing above 8% of their share prices among other stocks on the losers’ table.
Volume Drivers
Zenith Bank traded about 21 million units of its shares in 458 deals and valued at about N484 million.