Nigerian Bourse sheds N56bn, closes lower by 0.44%

The Nigerian equities market on Monday closed on a negative note as the All Share Index declined by 0.44% to settle at 24,200.60 points from the previous close of 24,306.36 points on Friday.

Market Capitalisation declined by 0.44% to close at N12.624 trillion from the previous close of N12.680 trillion, thereby shedding N56 billion.

An aggregate of 231.23 million units of shares were traded in 3,950 deals, valued at N2.15 billion.

 

Market Breadth 

The market breadth closed positive as 14 equities gained while 17 equities declined in their share prices.

 

Percentage Gainers

NPF Microfinance Bank, led other percentage gainers with 10% growth, closing at N1.32 from the previous close of N1.20.

Neimeth Pharmaceuticals, Linkage Assurance and ABC Transport among other gainers also grew their share prices by 9.35%, 8.51% and 7.84% respectively.

 

Percentage Losers

Mobil (11 Plc) led other price decliners as it shed 9.97% of its share price to close at N173.4 from the previous close of N192.6.

Chams Plc, Eterna Oil and Wapic Insurance among other prices decliners also shed their share prices by 8.33%, 6.70% and 5.71% respectively.

 

 Volume Drivers

  • Sterling Bank traded about 77.55 million units of its shares in 420 deals, valued at N96.77 million.
  • FCMB traded 33.28 million units of its shares in 64 deals, valued at N63.2 million.
  • Fidelity Bank traded 27.06 million units of its shares in 139 deals, valued at N48.18 million.

 

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