Market Declines 0.74%, Shedding N100bn, Monday

Trading activities on the floor of the Nigerian Stock Exchange today declined as the All Share Index dipped by 0.74% to close at 27,574.32 points against the previous close of 27,779.00 points on Friday.

Market Capitalisation dropped by 0.74% to close at N13.423 trillion against the previous close of N13.523 trillion, shedding N100 billion.

Aggregate volume and value of traded stocks settled at 271 million units and N2.9 billion in 4,795 deals.

Market Breadth

Market Breadth closed positive as 25 stocks gained while 13 stocks lost.

Percentage Gainers

Cornerstone Insurance led other gainers with 10.00% growth to close at N0.33 from the previous close of N0.30

Other gainers include: Nem Insurance, Okomu Oil, Cadbury, Livestock and Wema Bank, all gaining above 5.00% of their share prices ahead of other 19 stocks on the green table.

Percentage Losers

Airtel Africa and Unity Bank top the price decliners’ list, shedding 10.00% each of their share prices. Following on the red table are CHAMS, The Initaite Plc and CAP Plc, losing 7.69%, 6.67% and 6.06% respectively.

Volume Drivers

FBNH traded about 56 million units of its shares in 591 deals, valued at about N309 million.

 

 

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