Nigerian equities market dips further, closes 1.53% lower

The Nigerian equities market on Monday closed lower by 1.53% as the All Share Index closed at 29,162.24 points against the previous close of 29,616.38 points on Friday. Consequently, the Market Capitalization declined by 1.53% to close at N10.954 trillion from the previous close of N11.124 trillion, thereby shedding N170 billion

Aggregate volume and value of traded stocks closed at 455.9 million units and N5.3 billion in 3,993 deals.

Market Breadth

13 stocks closed positive against 30 that lost bringing the market breadth to a negative round off.

Percentage Gainers

Mutual Benefit Assurance led other percentage gainers closing 10.00% above the previous close of N0.20 to settle at N0.22

Neimeth and Learn Africa also grew 9.80% and 8.94% respectively among others on the gainers’ list

Percentage Losers

Fidson, Tripple G and NPF Microfinance Bank among others shed 10%, 9.09% and 8.72% of their share prices respectively.

Volume Driver

Guaranty Trust Bank traded about 78.33 million units of its shares in 528 deals, worth about N2.66 billion

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