Nigerian stock market on Monday declined as MTN Nigerian and other 25 stocks shed weight
The All Share Index dropped by 0.43% to close at 108,261.47 points from the previous close of 108,733.40 points.
The Market Capitalisation declined by 0.43% to close at N68.043 trillion from the previous close of N68.339 trillion, thereby shedding N296 billion.
An aggregate of 414.6 million units of shares were traded in 16,664 deals, valued at N10.7 billion.
The Market Breadth closed positive as 39 equities emerged as gainers against 26 equities that declined in their share prices.
Percentage Gainers
MEYER, SMUFIT and MULTIVERSE led other gainers with 10.00% growth each to close at N8.80, N0.55 and N11.00 respectively.
BETAGLASS, HMCALL and ABBEYBULDING among other gainers also grew their share prices by 9.99%, 9.88% and 9.86% respectively.
Percentage Losers
ETRANZACT led other price decliners as it shed 10.00% of its share price to close at N5.40 from the previous close of N6.00.
JOHNHOLT and UNIONDICON among other price decliners also shed their share prices by 9.48% and 9.47% respectively.
Volume Drivers
TANTALIZER traded about 49 million units of its shares in 144 deals, valued at N113 million.
VFDGROUP traded about 49 million units of its shares in 261 deals, valued at N782 million.
ACCESSCORP traded about 29 million units of its shares in 886 deals, valued at N629 million.