The Nigerian equities market on Monday closed on a negative note as the All Share Index dropped by 2.41% to close at 25,647.54 points against the previous close of 26,279.61 points last week Friday.
The Market Capitalisation declined by 2.40% to close at N13.366 trillion from the previous close of N13.695 trillion, thereby shedding N329 billion.
Aggregate volume of traded stocks was 185.65 million units, down by 48.59% from the previous close of 361.1 million units.
The value of traded stocks declined by 57.31% close at N1.83 billion from the previous close of N4.28 billion.
Total number of deals was 2,690, down by 41.55% from the previous close of 4,602 deals.
Market Breadth
The market breadth closed negative as only one stock gained while 39 stocks declined in their share prices.
Percentage Gainers
Consolidated Hallmark Insurance is the only stock that emerged as gainer with 7.14% growth, closing at N0.30 from N0.28.
Percentage Losers
United Capital, Unilever, Conoil, NAHCO, Oando, Stanbic IBTC, Cornerstone Insurance, Fidelity Bank and Access Bank all shed 10% of their share prices respectively.
Guaranty Trust Bank and Vitafoam both shed 9.96% of their share prices to close at N22.15 and N4.07 respectively.
Nigerian Breweries and Caverton among others also shed their share prices by 9.93% and 9.92% respectively.
Volume Drivers
- Zenith Bank traded about 53.51 million units of its shares in 598 deals, valued at N907 million.
- Guaranty Trust Bank traded about 15.2 million units of its shares in 208 deals, valued at N336.8 million.