The stock market on Monday closed on a bearish note, occasioned by 6.36% drop in the share price of BUA Foods.
The All Share Index declined by 0.12% to close at 44,399.66 points from the previous close of 44,454.67 points.
The Market Capitalisation declined by 0.12% to close at N23.922 trillion from the previous close of N23.951 trillion, thereby shedding N29 billion.
An aggregate of 214.3 million units of shares were traded in 4,410 deals, valued at N2.69 billion.
The Market Breadth closed negative as 16 equities appreciated in their share prices against 22 equities that declined in their share prices.
Percentage Gainers
The Initiate Plc led other gainers with 10% growth to close at N0.44 from the previous close of N0.40.
Sunu Assurance and Eterna Plc among other gainers also grew their share prices by 9.68% and 6.95% respectively.
Percentage Losers
Veritas Kapital Assurance led other price decliners as it shed 8.70% of its share price to close at N0.21 from the previous close of N0.23.
Mutual Benefits Assurance and Cornestone Insurance among other price decliners also shed their share prices by 7.41% and 7.27% respectively.
Volume Drivers
Transcorp traded about 39.35 million units of its shares in 248 deals, valued at about N43.05 million.
FBNH traded about 25.5 million units of its shares in 149 deal, valued at N305.97 million.
GTCO traded about 24.81 million units of its shares in 558 deals, valued at N625.09 million.