Stock market sheds N656bn, down by 2.53%

It was a bearish session on the floor of the Nigerian stock market on Monday as investors’ wealth declined by N656 billion

The All Share Index was down by 2.53% to close at 46,365.95 points from the previous close of 47,569.04 points.

The Market Capitalisation declined by 2.53% to close at N25.254 trillion from the previous close of N25.910 trillion, thereby shedding N656 billion.

An aggregate of 137.98 million units of shares were traded in 3,234 deals, valued at N4.3 billion.

The Market Breadth closed positive as 14 equities emerged as gainers against 5 equities that declined in their share prices.

Percentage Gainers

PZ led other gainers with 9.52% growth to close at N9.20 from the previous close of 8.40.

University Press and COURTVILLE among other gainers also grew their share prices by 9.33% and 4.35% respectively.

Percentage Losers

Airtel Africa led other price decliners as it shed 10.00% of its share price to close at N1620.00 from the previous close of N1800.00.

Sovereign Trust Insurance and AIICO among other price decliners also shed their share prices by 7.14% and 7.02% respectively.

Volume Drivers

GTCO traded about 33.7 million units of its shares in 474 deals, valued at N609.9 million.

Fidelity Bank traded about 20 million units of its shares in 108 deals, valued at N69 million.

UBA traded about 6.5 million units of its shares in 191 deals, valued at N45 million.

Source: Stock market sheds N656bn, down by 2.53% – StocksWatch (stocksng.com)

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