Nigerian stock market declines, closes 0.07% lower

It was a bearish session onthe floor of the Nigerian stock market on Monday as the All Share Index dipped further by 0.03% to close at 104,529.62 points against the previous close of 104,563.34 points on Friday.

The market capitalisation closed at N65.685 trillion, shedding 22 billion from N65.707 trillion recorded in the last session.

Aggregate volume at end of today’s session stands at 428 million units, valued at N10.5 billion in 14,583 deals.

Market Breadth

The market breadth closed positive as 28 stocks gained against 24 that declined in their share prices.

Percentage Gainers

ABBEYBUILDING with 9.95% growth, led the gainers table to close at N6.74 from the previous close of N6.13.

UPDC and Guinea Insurance among other gainers also grew their share prices by 9.82% and 9.52% respectively.

Percentage Losers

International Energy Insurance, Consolidated Hallmark Holdings and JAPAULGOLD among other stocks shed their share prices by 9.76%, 8.33%, and 7.46% respectively.

Volume Drivers

ACCESSCORP traded about 56 million units of its shares in 920 deals, valued at about N1.1 billion.

Zenith traded about 55 million units of its shares in 1,090 deals, valued at about N2.8 billion.

Fidelity Bank traded about 39 million units of its shares in 632 deals, valued at N632 million.

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