Market sheds N38bn as NGXASI closes lower by 0.15%

The Nigerian stock market on Monday closed on a bearish note as the All Share Index depreciated by 0.15% to settle at 37,804.46 points from the previous close of 46,893.86 points.

The Market Capitalisation declined by 0.15% to close at N25.273 trillion from the previous close of N25.311 trillion, thereby shedding N38 billion

An aggregate of 359.89 million units of shares were traded in 5,163 deals, valued at N2.6 billion.

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

Percentage Gainers

Beta Glass led other gainers with 9.92% growth to close at 58.20 from the previous close of 52.95.

PZ, Livestock feeds and Linkage Assurance among other gainers also grew their share prices by 9.68%, 9.03% and 8.00% respectively.

Percentage Losers

Learn Africa led other price decliners as it shed 9.68% of its share price to close at N1.96 from the previous close of N2.17.

Unity Bank, CAVERTON and FCMB among other price decliners also shed their share prices by 8.16% and 7.09% and 6.89% respectively.

Volume Drivers

TRANSCORP traded about 92 million units of its shares in 328 deals, valued at about N92.8 million.

Fidelity Bank traded about 46.7 million units of its shares in 243 deals, valued at N153.6 million.

Zenith Bank traded about 13 million units of its shares in 521 deals, valued at N309.6 million.

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