Market sheds N1.17trn as NGXASI closes lower by 1.26%
The equity market on Monday closed on a bearish note, as the All Share Index dropped by 1.26% to settle at 145,159.77 points from the previous close of 147,013.59 points.
The Market Capitalisation declined by 1.25% to close at N92.329 trillion from the previous close of N93.501 trillion, thereby shedding N1.172 trillion.
An aggregate of 388 million units of shares were traded in 28,492 deals, valued at N31 billion.
The Market Breadth closed positive as 28 equities appreciated in their share prices against 24 equities that declined in their share prices.
Percentage Gainers
Sovereign Trust Insurance led other gainers with 9.97% growth to close at N3.20 from the previous close of N2.91.
NCR, TANTALIZER and Prestige Assurance among other gainers also grew their share prices by 9.96%, 9.81% and 9.70% respectively.
Percentage Losers
ENAMELWA and Dangote Cement led other price decliners as they shed 10.00% each of their share prices to close at N40.50 and N534.60 from the previous close of N45.00 and N594.00 respectively.
TRANSCORP, AIICO Insurance and Guinea Insurance among other price decliners also shed their share prices by 4.66%, 4.11% and 3.97% respectively.
Volume Drivers
TANTALIZER traded about 57 million units of its shares in 218 deals, valued at about N134 million.
ARADEL traded about 30 million units of its shares in just 947 deals, valued at N21.5 billion.
GTCO traded about 22 million units of its shares in 1569 deals, valued at N1.87 billion million.