Stock market succumbs to profit taking, closes lower by 0.17%

The Nigerian stock market on Monday closed on a negative note as the All Share Index declined by 0.17% to settle at 30,479.39 points from the previous close of 30,530.69 points.

Market Capitalisation closed lower by 0.17% to settle at N15.931 trillion from the previous close of N15.958 trillion, thereby shedding N27 billion.

An aggregate of 376.65 million units of shares were traded in 6,050 deals, valued at N3.8 billion.

Market Breadth 

The market breadth closed negative as 22 equities gained while 26 equities declined in their share prices.

Percentage Gainers

Livestock Feeds led other gainers with 9.88% growth to close at N0.89 from the previous close of N0.81.

Dangote Sugar and NPF Microfinance Bank among other gainers also grew their share prices by 9.78% and 9.68% respectively.

Percentage Losers

C&I Leaasing led other price decliners as it shed 10% of its share price to close at N3.96 from the previous close of N4.40.

FCMB, Ecobank and Oando among other price decliners also shed their share prices by 9.90%, 8.85% and 6.55% respectively.

Volume Drivers

Fidelity Bank traded about 49.897 million units of its shares in 317 deals, valued at N122.16 million.

Zenith Bank traded about 47.06 million units of its shares in 609 deals, valued at N1.03 billion.

Dangote Sugar traded about 30.94 million units of its shares in 227 deals, valued at N465.15 million.

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