Trading activities on the floor of the Nigeria Stock Exchange closed lower on Monday, bringing the market to its third straight loses and consequently shedding N88bn market cap.
The All Share Index at the close today’s trading declined 0.06% closing at 31,125.39 points as against the previous close of 31,142.72 points.
Market capitalisation also fell by 0.06% closing at N11.607 trillion, below N11.614 trillion it closed on Friday
Volume and value of traded stocks dropped by 1.86% and 42.16%, to stand at 205 million units and N1.9 billion respectively.
Market Breadth
11 stocks closed positive while 20 stocks lost, bringing the market breadth to a negative round off.
Percentage Gainers
Dangote Flour, led other price percentage gainers closing 7.35% above the previous close of N10.20 to settle at N10.95.
UNIONDAC, MCNICHOLS and CAVERTON, all made it to the gainers’ table ahead of others at 7.14%, 5.26% and 3.69% growth respectively.
Percentage Losers
Ikeja Hotel tops the losers’ table, losing 9.66% of its share price to arrive at N187% from N2.07.
This is followed by CUTIX and Sovereign Insurance both shedding 8.89% and 8.00% respectively, among other stocks on the losers’ table.
Volume Drivers
Access recorded the highest volume of traded stocks on Monday, trading about 56 million units of its shares in 606 deals, valued at about N328 million
Zenith Bank traded about 27 million units in 304 deals, worth about N603 million.