Stock market declines by 0.34% on profit taking in MTN

It was a bearish session on the floor of the Nigerian stock market on Monday as profit taking in MTN Nigeria and 12 other stocks dragged the market downward

The All Share Index declined by 0.34% to close at 43,818.12 points from the previous close of 43,968.75 points.

The Market Capitalisation dropped by 0.34% to close at N23.867 trillion from the previous close of N23.949 trillion, thereby shedding N82 billion.

An aggregate of 187 million units of shares were traded in 3,326 deals, valued at N2.5 billion.

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

Percentage Gainers

FTN Cocoa led other gainers with 9.68% growth to close at N0.34 from the previous close of 0.31.

Consolidated Hallmark Insurance, MANSARD and CHAMS among other gainers also grew their share prices by 6.90%, 5.88% and 4.17% respectively.

Percentage Losers

JOHNHOLT led other price decliners as it shed 9.88% of its share price to close at N0.73 from the previous close of N0.81.

SCOA and Prestige Assurance among other price decliners also shed their share prices by 9.71% and 7.69% respectively.

Volume Drivers

ACCESSCORP traded about 87.9 million units of its shares in 215 deals, valued at N140.9 million.

MTN traded about 87.9 million units of its shares in 161 deals, valued at N704 million.

Zenith Bank traded about 4 million units of its shares in 227 deals, valued at N764 million.

Source: Stock market declines by 0.34% on profit taking in MTN – StocksWatch (stocksng.com)

Your Comment:

Related Posts

28

Nov
Business & Economy

Stock Market Review: November 28, 2022

The stock market last week closed on a positive note with 6.88% growth, week on week. In a stock market review with the MD/CEO of Global View Capital Limited, Aruna Kebira, the capital market guru explained the factors behind the current positive vibration in the market. Excerpts: The stock market last week closed on a bullish note […]

28

Nov
Business & Economy

Why you should pitch your tent with fundamentally sound stocks

Opportunities in stocks with uptrend potentials The Nigerian stock market last week closed on a bullish note with 6.88% growth, week on week. This is occasioned by renewed buy interest in equities by smart investors. Year to date, the market has returned 11.33% with All Share Index and Market Capitalisation at 47,554.34 points and N25.902 trillion respectively.[…]