The Nigerian equities market on Monday closed on a negative note as the All Share Index declined by 1.05% to close at 27,772.19 points against the previous close of 28,067.09 points on Friday.
The Market Capitalisation declined by 1.05% to close at N14.464 trillion from the previous close of N14.618 trillion, thereby shedding N154 billion.
Aggregate volume of traded stocks closed at 200 million units, down by 34.14% from the previous close of 303.9 million units.
The value of traded stocks was down by 69.89%, closing at N1.9 billion from the previous close of N6.39 billion.
Total number of deals at the close of trade was 3,487 down by 17.82% from the previous close of 4,243 deals.
Market Breadth
The Market Breadth closed firm as 17 stocks gained while 17 stocks declined in their share prices.
Percentage Gainers
Sovereign Trust Insurance led other percentage gainers with 10% growth to close at N0.22 from the previous close of N0.20.
Trans- Nationwide Express, NPF Microfinance Bank, Prestige Insurance and Japaul Oil among other gainers also grew their share prices by 9.88%, 9.82%, 9.26% and 9.09% respectively.
Percentage Losers
Nestle led the price decliners, shedding 10% of its share price to close at N1242 from the previous close of N1,380.
Linkage Assurance and May & Baker among other price decliners also shed their share prices by 9.68% and 6.91% respectively.
Volume Drivers
- FBNH traded about 35.9 million units of its shares in 297 deals, valued at N212 million.
- Transcorp traded about 24.63 million units of its shares in 53 deals, valued at N23.6 million.
- Zenith Bank traded about 18.57 million units of its shares in 400 deals, valued at N369 million.