Trading resumes downward trend as index dips 0.12 percent, Monday


The Nigerian Bourse on Monday extends decline from the previous trading session as the All Share Index declines 0.12% to close at 40,425.07 points as against 40,472.45 points of Friday’s trading session.

Market capitalization declined by 0.12% to settle at N14.643 trillion as against N14.660 trillion of the last trading indicating a loss of N17 billion.



Volume and value of traded stocks declined by 22.61% and 54.64% to settle at 271.2 million units and N2.3 billion respectively.

Market Breadth

26 stocks closed positive against 22 that lost bringing the market breadth to a positive round off.

Percentage Gainers

Unity Bank led other percentage gainers closing 8.51% above the previous close of N0.94, to settle at N1.02

Consolidated Hallmark Insurance grew 7.41%; LASACO grew 5.13%; Red Star Express and Africa Alliance Insurance Plc both grew 5.00% respectively ahead other stocks in the gainers chart.

Percentage Losers

N.E.M Insurance tops the losers’ chart losing 4.91% of its share price. Also on the chart are Custodian& Allied Insurance and Sterling Bank, which both shed 4.76% and 4.73% respectively


Volume Drivers

Africa Alliance Insurance recorded highest volume of traded stocks for the day trading about 90 million units of it share.

Guaranty Trust Bank traded about 15 million units of its shares in 212 deals, worth about N664.9 million.

Zenith Bank also traded about 10million units of its shares in 280 deals, worth about N282.8 million.

FBNH traded 10.8 million units of its shares in 370 deals, amounting to about N117 million.


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