Stock market closes lower by 0.07%, sheds N21bn

Transactions on the floor of the Nigerian stock market on Monday closed lower as the All Share Index declined by 0.07% to close at 51,791.45 points from the previous close of 51,829.67 points.

The Market Capitalisation declined by 0.08% to close at N27.921 trillion from the previous close of N27.942 trillion, thereby shedding N45 billion.

An aggregate of 194 million units of shares were traded in 4,899 deals, valued at N2.8 billion.

The Market Breadth closed negative as 17 equities emerged as gainers against 18 equities that declined in their share prices.

Percentage Gainers

Fidson led other gainers with 9.82% growth, closing at N12.30 from the previous close of N11.20.

LEARN AFRICA and UPDC among other gainers also grew their share prices by 9.78% and 9.71% respectively.

Percentage Losers

Conoil led other price decliners as it sheds 9.90% of its share price to close at N25.95 from the previous close of N28.80.

Redstar Express and RT BRISCOE among other price decliners both shed their share prices by 9.09% respectively.  

Volume Drivers

GTCO traded about 20 million units of its shares in 565 deals, valued at N413 million.

UBA traded about 16 million units of its shares in 238 deals, valued at N131 million.

FBNH traded about 12 million units of its shares in 188 deals, valued at N132 million.

Source: Stock market closes lower by 0.07%, sheds N21bn – StocksWatch (stocksng.com)

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