The Nigerian stock market on Monday closed on negative note as the All Share Index declined by 2.24% to settle at 21,700.98 points against the previous close of 22,198.43 points on Friday.
The Market Capitalization declined by 2.24% to close at N11.309 trillion from the previous close of N11.568 trillion, thereby shedding N259 billion.
Aggregate volume of traded stocks was 464.3 million units, up by 22.37% from the previous close of 379 million units.
Value of traded stocks was up by 12.89% to close at N3.87 billion from the previous close of N3.42 billion.
Total number of deals at the close of trade was 5,883, up by 26% from the previous close of 4,669 deals.
Market Breadth
The market breadth closed negative as 9 equities gained against 25 equities that declined in their share prices.
Percentage Gainers
Neimeth led other percentage gainers with 10% growth to close at N0.44 from the previous close of N0.40.
May & Baker, Custodian Investment, Flour Mills of Nigeria and CAP Plc among other gainers also grew their share prices by 8.94%, 8.65%, 7.77% and 7.69% respectively.
Percentage Losers
Dangote Sugar, Nigerian Breweries, UBA, Wema Bank and Stanbic IBTC shed 10% of their share prices respectively.
United Capital, Guaranty Trust Bank and WAPCO among others also shed their share prices by 9.96%, 9.95% and 9.90% respectively.
Volume Drivers
- Zenith Bank traded about 120.46 million units of its shares in 1,517 deals, valued at N1.3 billion.
- Guaranty Trust Bank traded about 63.27 million units of its shares in 737 deals, valued at N1.06 billion.