It was yet another day of loss for investors in the stock market, as about 27 stocks witnessed a significant drop in share price.
Investors lost 1.38% or ₦773 billion in the market as it closed on a bearish sentiment.
Stock market transactions on the floor of the Nigerian Exchange Limited (NGX) closed negative for the second trading day of the week.
The All-Share Index declined by 1.39% to settle at 100,582.89 from the previous close of 101,995.21.
Have You Read: Investors Lost ₦2trn On The Stock Market Last Week.
Market Capitalisation dropped by ₦773 billion to close at ₦55.038 trillion.
A total of 280 million units of shares were traded in 9,141 deals valued at ₦6.12 billion.
Gainers And Losers
Africa Prudential and Omatek Ventures Plc led gainers with 9.86% growth to close at ₦7.80 and ₦0.78, respectively.
Juli, Tantalizer, and Ellah Lakes Plc amongst other gainers also grew their share prices by 9.73%, 8.11%, and 8.07% respectively.
FBN Holdings and Multiverse Mining and Exploration Plc led other price decliners, as they shed 10% each off their share price to close at ₦30.60 and ₦15.30, respectively.
MTN Nigeria, McNichols, and Consolidated Hallmark Holding Plc, also shed their share prices by 9.94%, 9.79%, and 9.63% respectively.
Volume Drivers
Transcorp Plc traded about 44.412 million units of its shares in 535 deals, valued at ₦583.518 million.
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Access Bank Holding Plc traded about 30.560 million units of its shares in 738 deals, valued at ₦600.549 million.
United Bank for Africa (UBA) Plc traded about 26.514 million units of its shares in 518 deals, valued at ₦611.196 million.
