Nigerian stock market on Monday declined as 42 stocks closed the day lower
The All Share Index dropped by 0.11% to close at 107,937.74 points from the previous close of 108,053.95 points.
The Market Capitalisation fell by 0.11% to close at N67.346 trillion from the previous close of N67.418 trillion, thereby shedding N72 billion.
An aggregate of 511 million units of shares were traded in 17,095 deals, valued at N12.8 billion.
The Market Breadth closed negative as 20 equities emerged as gainers against 42 equities that declined in their share prices.
Percentage Gainers
Nigerian Breweries led other gainers with 10.00% growth to close at N36.30 from the previous close of 33.00.
CADBURY, THE INITIATES and International Energy Insurance also grew their share prices by 9.97%, 9.88% and 9.87% respectively.
Percentage Losers
Ikeja Hotel and LEARNAFRICA led other price decliners as they shed 10.00% each of their share prices to close at N12.60 and N3.87 from the previous close of N14.00 and N4.30 respectively.
Cornerstone and UPDC among other price decliners also shed their share prices by 9.80% and 9.79% respectively.
Volume Drivers
ACCESSCORP traded about 144 million units of its shares in 620 deals, valued at N4 billion.
AIICO Insurance traded about 25 million units of its shares in 244 deals, valued at N42.8 million.
UPDC traded about 20 million units of its shares in 389 deals, valued at N76.7 million.