The Nigerian stock market continues where it left off on Friday as the NSEASI grew by 0.35 percent to close the day at 30,745.05 points away from 30,636.36 points it closed on Friday.
Market Capitalisation also added N41 billion to settle at N11.465 trillion above N11.424 trillion recorded on Friday.
The total traded volume of stocks at the end of today’s session declined to about 183 million units from about 270 million units registered on the last trading day, indicating a drop of 32.21%.
The value of traded stocks also dipped by 76.45% to arrive at N1.040 billion as against N4.418 billion on Friday.
Market Breadth
Market breadth closed negative as 17 stocks gained against 20 stocks on the losers’ chart.
Percentage Gainers
Red Star Express, and Ikeja Hotel with 10% growth led the gainers chart.
MCNICHOLS, CUTIX and Nigerian Breweries grew 8.33%, 5.56% and 5.27% respectively ahead of other stocks on the gainers’ table.
Percentage Losers
Champion Brew tops the losers’ chart, shedding 10% of its share price to close at N1.62 from the previous close of N1.80.
Academy Press, Unity Bank, Forte Oil and Royal Exchange among others closed red, losing 8.89%, 8.89%, 8.47% and 6.67% respectively.
Volume Drivers
Fidelity Bank traded the highest volume of about 36 million units of its shares in 134 deals, valued at about N82 million
Zenith traded about 10 million units of its shares in 302 deals, worth about N249 million.