Stock market sheds N83bn as NGXASI dips by 0.40%

The Nigerian stock market on Monday closed on a bearish note, occasioned by 2.64% drop in the share price of Dangote Cement.

The All Share Index depreciated by 0.40% to close at 39,326.67 points from the previous close of 39,485.65 points.

The Market Capitalisation declined by 0.40% to close at N20.490 trillion from the previous close of N20.573 trillion, thereby shedding N83 billion.

An aggregate of 301 million units of shares were traded in 4,715 deals, valued at N1.54 billion.

The Market Breadth positive as 18 equities appreciated in their share prices against 10 equities that declined in their share prices.

Percentage Gainers

Honeywell Flour led other gainers with 9.86% growth, closing at N3.90 from the previous close of N3.55.

UDPC, ABC Transport and Presco among other gainers also grew their share prices by 9.84%, 9.09% and 8.90% respectively.

Percentage Losers

Champion Breweries led other price decliners as it shed 7.73% of its share price, closing at N2.03 from the previous close of N2.20.

Eterna Oil, Linkage Assurance and Oando among other price decliners also shed their share prices by 7.20%, 6.45% and 5.00% respectively.

Volume Drivers

Transcorp traded about 51.69 million units of its shares in 253 deals, valued at N46.84 million.

Honeywell Flour traded about 43.73 million units of its shares in 333 deals valued at N167.91 million.

Consolidated Hallmark traded about 17.61 million units of its shares in 39 deals, valued at N10.63 million.

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