Market sheds N34bn as NGXASI closes lower by 0.19%

The equity market on Monday closed on a bearish note as the All Share Index declined by 0.19% to settle at 37,585.25 points from the previous close of 37,658.26 points.

The Market Capitalisation declined by 0.17% to close at N19.593 trillion from the previous close of  N19.627 trillion, thereby shedding N34 billion.

An aggregate of 202.72 million units of shares were traded in 3,630 deals, valued at N2.4 billion.

The Market Breadth closed positive as 13 equities appreciated in their share prices against 18 equities that declined in their share prices.

Percentage Gainers

Ikeja Hotel led other gainers with 10% growth to close at N1.1 from the previous close of N1.

Fidson and Linkage Assurance among other gainers also grew their share prices by 7.91% and 7.69% respectively.

Percentage Losers

BOC Gases led other price decliners as it shed 9.95% of its share price to close at N9.5 from the previous close of N10.55.

Royal Exchange and Unity Bank among other price decliners also shed their share prices by 7.94% and 5.17% respectively.

Volume Drivers

FBNH traded about 18.14 million units of its shares in 136 deals, valued at N130.42 million.

UBA traded about 13 million units of its shares in 151 deals valued at N94.24 million.

Guaranty Trust Holding Company traded about 11.85 million units of its shares in 327 deals, valued at N355.4 million.

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