NSE: Bank stocks dominate losers as market sheds N276.727bn | Ripples Nigeria
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NSE: Bank stocks dominate losers as market sheds N276.727bn



Negative sentiments dominated activities in the Nigerian bourse Monday as intense profit-taking cost the market N276.727 billion.

All the key performance indicators closed in the negative territory. A negative market breadth was recorded as 15 losers emerged against 11 gainers. The All Share Index (ASI) fell by 2.43% to close at 21,330.79 basis points. The market capitalisation slumped to N11.117 trillion at the end of today’s trade. Year to date, the index is down by 20.53%


Berger Paints was the leader in the flock of gainers today, appreciating by 9.84% to close at N6.70. Mobil added up 9.83% to end today’s trade at N160.90. Cadbury went up by 9.68% to N6.80. Meyer rose to N0.50, notching up 8.70% in the process. Africa Prudential completed the top 5, climbing by 8.19% to N3.79.


MTNN topped the losers’ table today, declining by 10% to close at N90. Wema shrank by 9.62% to end the day at N0.47. International Breweries tumbled to N4.90, losing 9.26%. Prestige dipped to N0.55, recording 8.33% loss. UCAP closed at N2.20, going down by 8.33%.

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466.907 million shares worth N1.933 billion were traded today in 3,659 deals.

Meyer was the most preferred stocks today with 200.990 million of its stocks worth N92.461 million traded in 15 deals. 89.339 million units of Champion Breweries shares priced at N61.670 million exchanged hands in 13 transactions. Zenith had 48.194 million shares valued at N574.353 million traded in 714 deals. UBA traded 19.164 million shares estimated at N98.795 million in 210 transactions. FBN Holding traded 18.811 million shares valued at N75.159 million in 286 deals.

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