Stock market closes bearish, declines by 0.14%

The Nigerian Stock Market on Monday closed on bearish note as The All Share Index declined by 0.14% to close at 49,625. 71 points from the previous close of 49,695.12 points.

Investors lose N38 billion as the Market Capitalisation dropped by 0.14% to close at N26.767 trillion from the previous close of N26.805 trillion.

An aggregate of 86.6 million units were traded in 3,377 deals, valued at N1.72 billion.

The Market Breadth closed balanced as 13 equities emerged as gainers against 13 that declined in their share prices.

Percentage Gainers

MULTIVERSE led other gainers with 9.32% growth to close at N2.58 from the previous close of N2.36.

FTN Cocoa, CHAMS, Academy Press and Regency Alliance above other gainers also grew their share prices by over 4.00%.

Percentage Losers

Beta Glass led other price decliners as it shed 9.96% of its share price to close at N46.10 from the previous close of N51.20

Nem Insurance, JAPAULGOLD and Fidelity Bank among other price decliners also shed their share prices by 7.96%, 6.90% and 6.58% respectively

Volume Drivers

GTCO traded about 19.5 million units of its share in 364 deals, valued at N385.9 million.

Sterling Bank traded 6 million units of its shares in 41 deals, valued at about N9 million.

Zenith Bank traded about 5.9 million units of its shares in 288 deals, valued at N118.7 million.

Source: Stock market closes bearish, declines by 0.14% – StocksWatch (stocksng.com)

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