The Nigerian equities market on Monday closed on a negative note as the All Share Index closed lower by 0.12% to settle at 22,705.19 points against the previous close of 22,733.35 points last Friday.
Market Capitalisation declined by 0.13% to close at N11.832 trillion, from the previous close of N11.847 billion, thereby shedding N15 billion.
Aggregate volume of traded stocks was 551.48 million units, down by 24.78% from the previous close of 733 million units.
Value of traded stocks was down by 43.66% to close at N5.76 billion from the previous close of N10.22 billion.
Total number of deals at the close of trade was 6,981, up by 4.15% from the previous close of 6,703 deals.
Market Breadth
The market breadth closed positive as 18 equities gained while 14 equities declined in their share prices.
Percentage Gainers
United Capital, University Press, Courtville, LASACO, Niger Insurance and Union Bank led the percentage gainers with 10% growth respectively.
Julius Berger, NAHCO and EKOCORP among other gainers also grew their share prices by 9.65%, 9.59% and 9.09% respectively.
Percentage Losers
Transcorp led the percentage price decliners, shedding 10% of its share price to close at N0.63 from the previous close of N0.70.
Skyway Aviation, Jaiz Bank, FBNH, Wapic Insurance and FCMB among other price decliners also shed their share prices by 9.73%, 9.30%, 7.50%, 7.41% and 7.05% respectively.
Volume Drivers
- Guaranty Trust Bank traded about 137.23 million units of its shares in 1,333 deals, valued at N2.61 billion.
- FBNH traded about 135.3 million units of its shares in 829 deals, valued at N518 million.
- Zenith Bank traded about 133 million units of its shares in 1,595 deals, valued at N1.65 billion.