Stock market declines marginally by 0.04

It was a bearish session on the floor of the Nigerian stock market on Monday as the All Share Index declined by 0.04% to close at 105,891.33 points from the previous close of 105,933.03 points.

The Market Capitalisation was up by 0.73% closing at N66.069 trillion from the previous close of N65.592 trillion, thereby shedding N477 billion.

An aggregate of 567 million units of shares were traded in 17,843 deals, valued at N10.4 billion.

The Market Breadth closed positive as 44 equities emerged as gainers against 25 equities that declined in their share prices.

Percentage Gainers

BETAGLASS, STANBIC and Smart Products Nigeria Plc led other gainers with 10.00% growth each to close at N95.15, N68.20 and N0.22 respectively.

Honeywell Flour, ETERNA and Northen Nigeria Flourmill among other gainers also grew their share prices by 9.98%, 9.96% and 9.96% respectively.

Percentage Losers

International Energy Insurance led other price decliners as it shed 10.00% of its share price to close at N2.25 from the previous close of N2.50.

RTBRISCOE, Julius Berger and DEAPCAP among other price decliners also shed their share prices by 9.63%, 8.44% and 8.26% respectively.

Volume Drivers

Secure Electronic Technology traded about 84 million units of its shares in 1,207 deals, valued at N55.7 million

Fidelity Bank traded about 68 million units of its shares in 596 deals, valued at N1.36 billion.

ACCESSCORP traded about 40 million units of its shares in 852 deals, valued at N billion.

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