Market closes marginally lower by 0.01%, sheds N4bn

Transactions on the floor of the Nigerian Exchange on Monday closed lower as the All Share Index declined marginally by 0.01% to close at 55,788.37 points from the previous close of 55,794.51 points.

The Market Capitalisation declined by 0.01% to close at N30.391 trillion from the previous close of N30.395 trillion, thereby shedding N4 billion.

An aggregate of 179 million units of shares were traded in 4,296 deals, valued at N2.5 billion.

The Market Breadth closed negative as 12 equities emerged as gainers against 21 equities that declined in their share prices.

Percentage Gainers

University Press led the gainers chart with 9.89% growth, closing at N2.00 from the previous close N1.82.

CWG and MULTIVERSE among other gainers also grew their share prices by 7.69% and 5.04% respectively.

Percentage Losers

NGXGROUP led other price decliners as it sheds 9.72% of its share price to close at N26.00 from the previous close of N28.80.

NPF Microfinance Bank and COURTVILLE among other price decliners also shed their share prices by 8.47% and 6.25% respectively.  

Volume Drivers

NGXGROUP traded about 38 million units of its shares in 115 deals, valued at N994.6 million.

TRANSCORP traded about 19 million units of its shares in 124 deals, valued at N26.6 million.

Sterling Bank traded about 15.9 million units of its shares in 108 deals, valued at N23 million.

Source: Market closes marginally lower by 0.01%, sheds N4bn – StocksWatch (

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