Nigerian stock market on Monday declined as MTN Nigeria and other 16 stocks shed weights
The All Share Index dropped by 1.48% to close at 51,127.38 points from the previous close of 51,893.94 points.
The Market Capitalisation declined by 1.48% to close at N27.850 trillion from the previous close of N28.268 trillion, thereby shedding N418 billion.
An aggregate of 226.6 million units of shares were traded in 4,373 deals, valued at N1.57 billion.
The Market Breadth closed negative as 16 equities emerged as gainers against 18 equities that declined in their share prices.
Percentage Gainers
Ikeja Hotel led other gainers with 9.48% growth to close at N1.27 from the previous close of 1.16.
TRANSCORP, Consolidated Hall mark Insurance and NGXGROUP among other gainers also grew their share prices by 9.47%, 8.77% and 8.16% respectively.
Percentage Losers
International Energy Insurance led other price decliners as it shed 6.98% of its share price to close at N1.20 from the previous close of N1.29.
MTN Nigeria and Transcorp Hotel among other price decliners also shed their share prices by 6.67% and 5.80% respectively.
Volume Drivers
TRANSCORP traded about 63 million units of its shares in 88 deals, valued at N117 million.
Fidelity Bank traded about 41 million units of its shares in 177 deals, valued at N210.9 million.
Zenith Bank traded about 13 million units of its shares in 564 deals, valued at N292.6 million.