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Bear on Rampage as Market sheds N622bn

Bear takes over the trading activities on the floor of the Nigeria Stock Market on Monday, closing red for three straight sessions as the All Share Index declined by 2.08% to stand at 53,750.77 points as against Friday’s close of 54,892.53 points.

Market capitalisation dropped by N622 billion to close at N29.281 trillion from N29.903 trillion of the previous session, implying a loss of 2.08%

An aggregate of 100.9 million units were traded in 3,279 deals, valued at N4.3 billion.

The Market Breadth closed negative as 5 equities emerged as gainers against 21 that declined in their share prices.

Percentage Gainers

gainers Mar 27

COURTVILLE led other gainers chart, closing at 6.67% above the previous close of N0.45 to settle at N0.48

Other stocks on the gainers list are NPF Microfinance Bank, AIICO, FBNH and Zenith Bank with 2.70%, 1.75%, 0.92% and 0.20% growth respectively.

Percentage Losers

Decliners Mar 27

NCR tops the losers’ table. Shedding 9.79% of its share price to close the day at N2.12 from N2.35.

Unity Bank, Prestige Assurance, Sunu Assurance, Airtel Africa and MULTIVERSE all shedding above 8.00% of their share prices among other stocks on the losers’ table.

Volume Drivers

VD Mar 27

GTCO traded about 12.8 million units of its shares in 251 deals, valued at about N318.5 million.

Zenith Bank traded 11.9 million units of its shares in 229 deals, valued at about N298 million.

UBA traded about 10 million units of its shares in 148 deals, valued at about N80 million.



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