NGXASI closes lower as 34 stocks shed weight

The equity market on Monday closed bearish as the All Share Index was down marginally by 0.10% to settle at 155,496.15 points from the previous close of 155,645.05 points.

The Market Capitalisation declined by 0.10% to close at N98.698 trillion from the previous close of N98.793 trillion, thereby shedding N95 billion.

An aggregate of 503 million units of shares were traded in 39,972 deals, valued at N24.9 billion.

The Market Breadth closed negative as 25 equities appreciated in their share prices against 34 equities that declined in their share prices.

Percentage Gainers

ARADEL led other gainers with 10.00% growth to close at N869.00 from the previous close and N790.00.

Nem Insurance, ASOSAVINGS and Eterna Oil among other gainers also grew their share prices by 9.67%, 9.09% and 8.75% respectively.

Percentage Losers

DEAPCAP led other price decliners, as it shed 9.61% of its share price to close at N1.58 from the previous close of N1.75.

Champion Breweries, Redstar Express and WAPIC among other price decliners also shed their share prices by 9.64%, 8.64% and 6.45% respectively.

Volume Drivers

ACCESSCORP traded about 69 million units of its shares in 2,236 deals, valued at about N1.6 billion.

FIRSTHOLDCO traded about 67 million units of its shares in 730 deals, valued at N2 billion.

Universal Insurance traded about 19 million units of its shares in 133 deals, valued at N21 billion.

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