Business
Stock market halts five straight sessions of rally, declines by 0.74%
The Nigerian stock market on Monday declined by 0.74%, halting five straight sessions of rally as 28 stocks shed weight
The All Share Index dropped by 0.74% to close at 98,708.90 points from the previous close of 99,448.91 points.
The Market Capitalisation declined by 0.75% to close at N59.812 trillion from the previous close of N60.261 trillion, thereby shedding N449 billion.
An aggregate of 353 million units of shares were traded in 9,417 deals, valued at N4.55 billion.
The Market Breadth closed negative as 18 equities emerged as gainers against 28 equities that declined in their share prices.
Percentage Gainers
EUNISELL Inteerlink led other gainers with 10.00% growth to close at N3.85 from the previous close of 3.50.
Livestock Feeds, TRANSCORP and TRBRISCOE among other gainers also grew their share prices by 9.97%, 9.95% and 9.84% respectively.
Percentage Losers
BUACEMENT led other price decliners as it shed 10.00% of its share price to close at N99.00 from the previous close of N110.00.
LASACO and DAAR COMMUNICATION among other price decliners also shed their share prices by 9.79% and 9.38% respectively.
Volume Drivers
CHAMS traded about 84.6 million units of its shares in 72 deals, valued at N169 million.
UBA traded about 27 million units of its shares in 738 deals, valued at N790 million.
ACCESSCORP traded about 22 million units of its shares in 559 deals, valued at N503.6 million.