Stock market opens on negative, sheds N108 billion
The stock market opened the week on a negative note on Monday, with key performance indicators dropping by 0.15 per cent.
The market capitalisation dropped by N108 billion, or 0.15 per cent, closing at N72.680 trillion, down from N72.788 trillion recorded on Friday.
Also, the All-Share Index shed 170.77 points or 0.15 per cent, closing at 115,258.77 from the previous close of 115,429.54.
The downward trend was driven by profit-taking among investors.
Similarly, the market breadth closed negative with 43 losers and 21 gainers.
Northern Nigeria Flour Mills led the losers’ chart, dropping by 10 per cent, closing at N101.30, while Cileasing fell by 9.68 per cent, finishing at N4.20 per share.
University Press shed 9.27 per cent, ending the session at N4.99, and Deap Capital Management declined by 8.99 per cent, settling at 81k per share.
Also, Learn Africa lost by 8.43 per cent, closing at N3.80 per share.
On the gainers’ chart, Guinea Insurance increased by 10 per cent, settling at 77k, while Ellah Lakes gained by 9.93 per cent, ending the session at N4.76 per share.
Legend Internet soared by 9.87 per cent, closing at N7.79, and Royal Exchange climbed by 9.68 per cent, finishing at N1.02 per share.
Fidson Health rose by 9.64 per cent, closing at N42.10 per share.
A total of 721.75 million shares worth N22.01 billion were exchanged across 22,100 transactions.
This is compared to 933.26 million shares worth N17.95 billion, which were traded across 20,500 deals.
Access Corporation led the activity chart with 92.70 million shares, worth N1.90 billion.
United Bank for Africa followed with 91.36 million shares valued at N3.09 billion, while Zenith Bank sold 76.84 million worth N3.56 billion.
Fidelity Bank traded 49.99 million shares, valued at N883.99 million, and Guaranty Trust Holding Company transacted 40.46 million shares worth N2.85 billion.
(NAN)
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