The Nigerian stock market on Monday closed on a bearish note, occasioned by profit taking in MTN, Nestle and FBNH among others.
The All Share Index declined by 0.71% to close at 41,144.67 points from the previous close of 41,438.15 points.
The Market Capitalisation declined by 0.71%, closing at N21.472 trillion from the previous close of N21.625 trillion, thereby shedding N153 billion.
An aggregate of 338.72 million units of shares were traded in 5,866 deals, valued at N4.058 billion.
The Market Breadth closed negative as 19 equities emerged as gainers against 21 equities that declined in their share prices.
Percentage Gainers
NGX Group led other gainers with 9.86% growth to close at N19.5 from the previous close of N17.75.
Ikeja Hotel, Custodian Investment and Honeywell Flour among other gainers also grew their share prices by 9.52%, 7.53% and 6.48% respectively.
Percentage Losers
May & Baker Plc led other price decliners as it sheds 8.02% of its share price to close at N4.36 from the previous close of N4.74.
Royal Exchange and NPF Microfinance Bank among other price decliners also shed their share prices by 7.81% and 7.57% respectively.
Volume Drivers
FBNH traded about 67.6 million units of its shares in 718 deals, valued at N832.796 million.
Access Bank traded about 36.62 million units of its shares in 298 deals, valued at N351.2 million.
Transcorp traded about 26.55 million units of its shares in 240 deals, valued at N26.62 million.