Market closes lower by 0.06% amidst profit taking

Transactions on the floor of the Nigerian Exchange on Monday closed on a negative note as the All Share Index declined by 0.06% to close at 45,928.27 points from the previous close of 45,957.35 points.

The Market Capitalisation declined by 0.05% to close at N24.749 trillion from the previous close of N24.761 trillion, thereby shedding N12 billion.

An aggregate of N278.6 million units of shares were traded in 4,447 deals, valued at N2.887 billion.

The Market Breadth closed negative as 15 equities emerged as gainers against 26 equities that declined in their share prices.    

Percentage Gainers

Living Trust Mortgage Bank led other gainers with 9.62% growth, closing at N1.14 from the previous close of N1.04.

Northern Nigerian Flour Mills and Academy Press among other gainers also grew their share prices by 9.49% and 9.09% respectively.

Percentage Losers

Regency Assurance led other price decliners, shedding 9.52% of its share price to close at N0.38 from the previous close of N0.42.

FTN Cocoa and NEM Insurance among other price decliners also shed their share prices by 7.69% and 5.41% respectively.

Volume Drivers

Chams Plc traded about 40.55 million units of its shares in 28 deals, valued at N8.1 million.

UBA traded about 35.11 million units of its shares in 200 deals, valued at N284.7 million.

Courtville traded about 33.33 million units of its shares in 103 deals, valued at N16.55 million.

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