The Nigerian equities market on Monday closed on a negative note as the All Share Index declined by 2.43% to settle at 21,330.79 points, against the previous close of 21,861.78 points on Friday.
The market capitalisation dropped by 2.42% to close at N11.117 trillion from the previous close of N11.393 trillion, thereby shedding N276 billion.
Aggregate volume of traded stocks closed at 466.9 million units, up by 85.71% from the previous close of 251.4 million units.
Value of traded stocks was N1.93 billion, down by 42.43% from the previous close of N3.36 billion.
Total number of deals at the close of trade was 3,659, down by 7.79% from the previous close of 3,968 deals.
Market Breadth
The market breadth closed negative as 11 equities gained while 15 equities declined in their share prices.
Percentage Gainers
Berger Paints led other percentage gainers with 9.84% growth, closing at N6.70 from the previous close of N6.10.
Mobil (11Plc), Cadbury, Meyer Plc and Africa Prudential among other gainers also grew their share prices by 9.83%, 9.68%, 8.70% and 8.19% respectively.
Percentage Losers
MTN Nigeria led other price decliners, shedding 10% of its share price to close at N90 from the previous close of N100.
Wema Bank and International Breweries among other price decliners also shed their share prices by 9.62% and 9.26% respectively.
Volume Drivers
Meyer Plc traded about 200.99 million units of its shares in 15 deals, valued at N92.46 million.
Champions Breweries traded about 89.34 million units of its shares in 13 deals, valued at N61.67 million.
Zenith Bank traded about 48.19 million units of its shares in 714 deals, valued at N574.35 million.