The Nigerian equities market on Monday closed on a negative note as the All Share Index closed lower by 0.67% to settle at 27,570.94 points against the previous close of 27,755.87 points on Friday.
Market Capitalisation declined by 0.67% to close at N14.360 trillion against the previous close of N14.456 trillion, thereby shedding N96 billion.
Aggregate volume of traded stocks closed at 134.6 million units, down by 1.5% from the previous close of 132.6 million units.
The value of traded stocks fell by 23.76% to settle at N1.58 billion from N1.28 billion of Thursday.
Total number of deals was 3,302, down by 3.54% from the previous close of 3,189 deals.
Market Breadth
Market Breadth closed negative as 11 stocks gained while 18 stocks declined in their share prices.
Percentage Gainers
Jaiz Bank led other percentage gainers with 6.25% growth to close at N0.68 from the previous close of N0.64.
Japaul Oil, Oando and Cornerstone Insurance among other gainers also grew their share prices by 5.00%, 4.35% and 3.70%.
Percentage Losers
Law Union & Rocks Insurance tops the percentage price decliners’ list shedding 9.57% each of its share price to close at N1.04 from the previous close of N1.15.
Wapic Insurance, International Breweries and Unity Bank among other price decliners also shed their share prices by 9.09%, 9.03% and 8.77% respectively.
Volume Drivers
Zenith Bank traded about 22.45 million units of its shares in 426 deals, valued at about N441.6 million.
Ucap traded about 17.16 million units of its shares in 225 deals, valued at about N50.98 million.
Guaranty Trust Bank traded about 12.42 million units of its shares in 293 deals, valued at about N362.8 million.