Market closes lower by 0.09% amidst profit taking

Transactions on the floor of the Nigerian Exchange on Monday closed on a bearish note as the All Share Index declined by 0.09% to close at 43,270.94 points from the previous close of 43,308.29 points.

The Market Capitalisation declined by 0.08% to close at N22.579 trillion from the previous close of N22.598 trillion, thereby shedding N19 billion.

An aggregate of 213.13 million units of shares were traded in 4,105 deals, valued at N2.36 billion.

The Market Breadth closed negative as 14 equities emerged as gainers against 21 equities that declined in their share prices.

Percentage Gainers

AIICO Insurance led other gainers with 8.57% growth to close at N0.76 from the previous close of N0.70.

Living Trust Mortgage Bank and Veritas Kapital Assurance among other gainers also grew there share prices by 7.95% and 4.76% respectively.

Percentage Losers

UPDC led other price decliners as it shed 9.92% of its share price to close at N1.18 from the previous close of N1.31.

UDPC Real Estate Investment Trust and Consolidated Hallmark Insurance among other price decliners also shed 9.90% and 7.27% of their share prices respectively.

Volume Drivers

FCMB traded about 58.45 million units of its shares in 65 deals, valued at N179.92 million.

AIICO traded about 13.51 million units of its shares in 152 deals, valued at N10.39 million.

Zenith Bank traded about 12.78 million units of its shares in 340 deals, valued at N308.7 million.

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