The Nigerian equities market on Monday closed in red as the All Share Index declined by 1.27% to settle at 27,041.03 points against the previous close of 27,388.62 points on Friday.
Market capitalisation likewise declined by 1.27% to close at N14.087 trillion against the previous close of N14.268 trillion, thereby shedding N181 billion.
Aggregate volume of traded stocks closed at 429 million units, up by 1.83% from the previous close of 421.27 million units.
The value of traded stocks was up by 31.44%, closing at N7.298 billion away from the previous close of N5.55 billion.
Total number of deals at the close of trade was 4,533, up by 2.49% from the previous close of 4,423 deals.
Market Breadth
The Market Breadth closed negative as 5 stocks gained while 33 stocks declined in their share prices.
Percentage Gainers
Only 5 stocks emerged on the gainers list at the close of trade with Law Union & Rocks Insurance taking the lead as it grew its share price by 9.59% to close at 80 kob0 from the previous close of 73 kobo.
Others on the gainers list are Linkage Assurance, May & Baker, Sterling Bank and Vita Foam gaining 4.65%, 2.75%, 2.74% and 0.22% respectively.
Percentage Losers
- BOCGAS, Glaxosmith and NCR Nigeria Plc led the price decliners list, shedding 10% of their share prices to close at N4.05, N4.50 and N2.43 respectively.
- Skyway Aviation shed 9.92% of its share price to close at to close at N2.36 from the previous close of N2.62.
- Cadbury and Redstar Express among others both shed 9.89% of their share prices to close at N8.20 and N4.01 respectively.
Volume Drivers
- Guaranty Trust Bank traded about 177 million units of its shares in 342 deals, valued at N4.79 billion.
- FBNH traded about 60 million units of its shares in 382 deals, valued at N329 million.
- Zenith Bank traded about 56 million units of its shares in 993 deals, valued at N1.09 billion.