Equity market closes lower by 0.06%, sheds N7bn

The Nigerian equity market on Monday closed on a negative note as the All Share Index declined by 0.06% to settle at 25,027.61 points against the previous close of 25,041.89 points.

Market Capitalisation declined by 0.05% to close at N13.056 trillion from the previous close of N13.063 trillion, thereby shedding N7 billion.

An aggregate of 175.33 million units of shares were traded in 4,294 deals, valued at N1.43 billion.

 

Market Breadth

The market breadth closed positive as 18 equities appreciated in their share prices against 11 equities that declined in their share prices.

 

Percentage Gainers

Cornerstone Insurance led other percentage gainers with 9.98% growth, closing at N0.60 from the previous close of N0.55.

Unilever, United Capital and Guinness Nigeria among other gainers also grew their share prices by 7.14%, 6.93% and 6.38% respectively.

 

Percentage Losers

Champions Breweries led other price decliners as its shed 9.47% of its share price to close at N0.86 from the previous close of N0.95.

Honeywell Flour, UACN and Mutual Benefit Assurance among other price decliners also shed their share prices by 8.57%, 4.84% and 4.76% respectively.

 

Volume Drivers

  • FBN Holdings Plc traded about 22.94 million units of its shares in 306 deals, valued at N116.3 million.
  • Unilever Nigeria Plc traded about 22.96 million units of its shares in 36 deals, valued at N206.39 million.
  • Guaranty Trust Bank Plc traded about 12.64 million units of its shares in 468 deals, valued at N344.28 million.

 

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