Market sheds N6bn as NGXASI closes lower by 0.02%

The equity market on Monday closed lower as the All Share Index depreciated by 0.02% to settle at 47,428.67 points from the previous close of 47,437.48 points.

The Market Capitalisation declined by 0.02% to close at N25.561 trillion from the previous close of N25.567 trillion, thereby shedding N6 billion.

An aggregate of 1.28 billion units of shares were traded in 4,735 deals, valued at N7.9 billion.

The Market Breadth closed negative as 19 equities appreciated in their share prices against 22 equities that declined in their share prices.

Percentage Gainers

RTBRISCOE led other gainers with 9.59% growth to close at N0.80 from the previous close of N0.73.

Ekobank, Prestige Assurance and Niger Insurance among other gainers also grew their share prices by 7.27%, 6.52% and 4.55% respectively.

Percentage Losers

CWG and Eterna Oil led other price decliners as they shed 10.00% each of their share prices to close at N0.99 and N5.04 from the previous close of N1.10 and N5.60 respectively.

Royal Exchange and Veritas Kapital among other price decliners also shed their share prices by 9.92% and 8.70% respectively.

Volume Drivers

FCMB traded about 1 billion units of its shares in 164 deals, valued at about N3.8 billion.

Fidelity traded about 38 million units of its shares in 212 deal, valued at N108.9 million.

Zenith Bank traded about 28.5 million units of its shares in 389 deals, valued at N768 million.

Source: Market sheds N6bn as NGXASI closes lower by 0.02% – StocksWatch (

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