The recent news on recession in the Nigerian Economy slowed down the positive vibration on the floor of the Nigerian Stock Exchange on Monday as investors await the outcome of the MPC Committee meeting on Tuesday. Thanks to gains in the share prices of Dangote Cement, BUA Cement, Airtel and Nestle which drastically reduced the down turn to a marginal decline of 0.04% at the close of trade. The All Share Index dropped closed at 34,121.78 points from the previous close of 34,136.82 points. Market Capitalisation declined by 0.04% to close at N17.830 trillion from the previous close of N17.838 trillion, thereby shedding N8 billion.
An aggregate of N568 million units of shares were traded in 8,928 deals, valued at N7.33 billion.
Market Breadth
The market breadth closed negative as 5 equities gained while 46 equities declined in their share prices.
Percentage Gainers
Airtel Africa led other gainers with 5% growth to close at N525 from the previous close of N500.
BUA Cement, Dangote Cement, Nestle and NEM Insurance also grew their share prices by 4.77%, 3.42%, 1.82% and 0.78% respectively.
Percentage Losers
Custodian Investment, Ardova, Transcorp, WAPCO, Livestock Feeds and Honeywell Flour all shed their share prices by 10% respectively.
Oando, Neimeth and Guinness among other price decliners also shed their share prices by 9.97%, 9.96% and 9.55% respectively.
Volume Drivers
- Zenith Bank traded about 79.74 million units of its shares in 1100 deals, valued at N1.91 billion.
- FBN Holdings about 72.75 million units of its shares in 589 deals, valued at N499.58 million.
- Access Bank traded about 65.74 million units of its shares in 662 deals, valued at N520.34 million.