Stock market sheds N3bn as NGXASI declines by 0.02%

The Nigerian stock market on Monday closed on a bearish note as the All Share Index declined by 0.02% to close at 38,915.62 points from the previous close of 38,921.78 points.

The Market Capitalisation declined by 0.01% to N20.276 trillion from the previous close of N20.279 trillion, thereby shedding about N3 billion.

An aggregate of 201 million units of shares were traded in 3,340 deals, valued at N2.53 billion.  

The Market Breadth closed negative as 18 equities appreciated in their share prices against 20 equities that declined in their share prices.

Percentage Gainers

Morison led other gainers with 9.38% growth, closing at N2.10 from the previous close of N1.92.

Sovereign Trust Insurance, Linkage Assurance and Fidelity Bank among other gainers also grew their share prices by 8%, 5.26% and 4.35% respectively.

Percentage Losers

SCOA led other price decliners as it shed 10% of its share price, closing at N1.17 from the previous close of N1.30.

Academy Press and UDPC among other price decliners also shed their share prices by 7.69% and 6.21% respectively.

Volume Drivers

Universal Insurance traded about 19.45 million units of its shares in 15 deals, valued at N3.89 million.

Fidelity Bank traded about 19.28 million units of its shares in 192 deals valued at N46.51 million.

FBNH traded about 16.68 million units of its shares in 145 deals, valued at N124.99 million.

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