Nigeria stock market drops 1.01% further, Monday  


The Nigerian Bourse, Monday extended decline from the previous session as the All Share Index declines 1.01% to close at 40,429.18 points as against 40,841.14 points of the last trading session, on Friday, April 6, 2018.

As a result, investors lost about N149 billion as market capitalisation declined to N14.604 trillion as against 14.753 trillion of the last trading session.

Today, all indicators on the market index were red as volume and value traded also declined 42.82% and 15.37% to settle at 287 million units and N4.95 billion respectively.

Market Breadth

17 stocks closed positive against 30 that lost bringing the market breadth to a negative round off.

Percentage Gainers

Learn Africa led other percentage gainers closing 9.28% above the previous close of N0.97, to settle at N1.06. Japaul Oil grew 8.89% and Champion Breweries grew 8.77% ahead stocks like Mansard, Caverton and Continental Reinsurance.

Percentage Losers

C&I Leasing tops the losers’ chart losing 9.30% of its share price, while Skye Bank and Unilever both shed 8.45% and 8.03% respectively.

Nigerian Breweries has the highest trade value of about N2.58 billion and FBNH has the highest traded volume of 29.58 million units.

The most actively traded stock for the day Zenith Bank, trading 22.49 million units of its shares in 209 deals, worth about N606.9 million.


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