The Nigerian equity market on Friday closed on a bearish note, occasioned by losses in the share price of Dangote Cement and MTN by 3.91% and 1.21% respectively.
The All Share Index depreciated by 0.78% to settle at 37,658.26 points from the previous close of 37,954.35 points. The Market Capitalisation declined by 0.78% to close at N19.627 trillion from the previous close of N19.781 trillion, thereby shedding N154 billion.
An aggregate of 202.72 million units of shares were traded in 3,630 deals, valued at N2.4 billion.
The Market Breadth closed positive as 25 equities appreciated in their share prices against 10 equities that declined in their share prices.
Percentage Gainers
Honeywell Flour led other gainers with 9.93% growth to close at N1.55 from the previous close of N1.41.
Fidson and University Press among other gainers also grew their share prices by 9.88% and 9.87% respectively.
Percentage Losers
NPF Microfinance Bank led other price decliners as it shed 8.47% of its share price to close at N1.73 from the previous close of N1.89.
Union Bank and Mutual Benefit Assurance among other price decliners also shed their share prices by 7.76% and 4.55% respectively.
Volume Drivers
Guaranty Trust Holdings traded about 21.179 million units of its shares in 587 deals, valued at N629.86 million.
FBNH traded about 15.66 million units of its shares in 102 deals valued at N112.95 million.
UCAP traded about 13.71 million units of its shares in 158 deals, valued at N83.18 million.