Nigerian Bourse declines further, closes 0.07% lower

Adebayo Obajemu

It was yet another bearish session on the floor of the Nigerian stock market on Monday as the All Share Index declined further by 0.07% to close at 250,154.44 points against the previous close of 250,330.92 points on Friday.

The market capitalisation closed at N160.331 trillion, shedding N113 billion from N160.444 trillion recorded in the last session.

An aggregate of 529 million units of shares were traded in 76,115 deals, valued at N240 billion.

Market Breadth

The market breadth closed negative as 33 stocks gained against 36 that declined in their share prices.

Percentage Gainers

OANDO with 10.00% growth, led the gainers table to close at N51.70 from the previous close of N47.00.

May & Baker and Trans-Nationwide Express among other gainers also grew their share prices by 9.94% and 9.92% respectively.

Percentage Losers

NCR, ZICHIS and Berger Paints among other stocks shed their share prices by 9.99%, 9.9%, and 9.97% respectively.

Volume Drivers

Secure Electronic Technology traded about 34 million units of its shares in 401 deals, valued at about N30.5 million.

DAAR COMMUNICATION traded about 34 million units of its shares in 542 deals, valued at about N75.6 million.

ACCESSCORP traded about 30 million units of its shares in 3124 deals, valued at N775 million.