Nigerian Bourse closes lower by 0.91%, sheds N119bn

Trading activities on the floor of the Nigerian Stock Exchange closed on a negative note as the All Share Index declined by 0.91% to settle at 24,954.32 points from the previous close of 25,182.67 points on Friday.

Market Capitalisation closed at N13.018 trillion, down by 0.91% from the previous close of N13.137 trillion, thereby shedding N119 billion.

An aggregate of 237.65 million units of shares were traded in 4,808 deals, valued at N1.6 billion.

 

Market Breadth

The market breadth closed negative as 16 equities appreciated in their share prices while 25 equities that declined in their share prices.

 

Percentage Gainers

Red Star Express and Fidson Healthcare both other led other percentage gainers with 10% growth, closing at N3.63 and N3.30 respectively.

Cornerstone Insurance, Honeywell Flour and Unity Bank among other gainers also grew their share prices by N0.56, N1.01 and N0.62 respectively.

 

Percentage Losers

Prestige Assurance led other percentage gainers as it shed 10% of its share price to close at N0.63 from the previous close of N0.70.

 

Volume Drivers

  • First Bank of Nigeria Holdings traded about 24.35 million units of its shares in 263 deals, valued at N125.76 million.
  • Zenith Bank traded about 24.14 million units of its shares in 580 deals, valued at N392.36 million.
  • FCMB traded about 19.47 million units of its shares in 80 deals, valued at N33.48 million.

 

 

25,182.67

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