Following six straight sessions of rally, the Nigeria Stock Market on Monday closed all red, down by 303bn, dragged by loses in MTN Nigeria, Dangote Cement and other 17 stocks which lost out on their share prices at the close of the day trading.
The All Share Index closed at 30,194.71 points as against 30,881.29 points of the previous trading session, dropping by 2.22%.
Market capitalisation also dipped by 2.23% to settle at N13.299 trillion
as against N13.602 trillion of the previous trading session.
Other market indicators went down as volume and value of traded stock declined by
49.60% and 66.54% to arrive at 148 million and 2.2 billion respectively.
Market breadth
Market breadth closed negative as 14 stocks closed positive as against 19 stocks that closed negative.
Percentage gainers
NEIMETH with 9.80% led the gainers chart, appreciating in price above the previous close of N0.51 to settle at N0.56
Ecobank, Unity Bank and MORISON all gained above 9% of their share prices
Percentage Losers
RT Briscoe, MTN Nigeria, Veritas Kapital and other 16 stocks closed lower in their share prices
Volume Drivers
MTN traded about 7 million units of its share in 523 deals and value at about N948 million
