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    21 Stocks Drag Equities Market Lower, Shed 0.09%

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    Naija247news Editorial Teamhttps://www.naija247news.com/
    Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

    Bearish sentiment triumphed on Monday as the market indicators declined by 0.09 percent following the price depreciation in 21 stocks in Banking, Consumer Goods and Oil & Gas sectors.

    In that regard, the market index (All-Share Index) dipped by 37.35 basis points, representing a decline of 0.09 percent to close at 43,270.94.

    While the Market Capitalization lost ₦19.49Bn, representing a decrease of 0.09 percent to close at ₦22.58 trillion.

    → Similarly, the market activities were mixed as the Total Volume and Value traded decreased by 30.19 percent and 34.05 percent, respectively.

    A total of 213.13 million units valued at ₦2.36 billion were transacted in 4,105 Deals.

    FCMB topped the traded stocks in terms of volume, accounting for 27.43 percent of the total volume of trades, followed closely by AIICO (6.34%), ZENITHABNK (6.00%), GTCO (5.81%), and ACCESS (5.12%) to complete the top five on the volume chart.

    AIRTELAFRI appeared as the most traded stock in value terms, with 28.81 percent of the total value of trades on the exchange.

    → AIICO appeared as the most profitable stock for the day, topping the gainers’ chart with a price appreciation of 8.57 percent, followed by LIVINGTRUST (7.95%), VITAFOAM (1.86%), ACCESS (1.11%), UBN (1.04%), HONYFLOUR (1.01%), ETI (0.63%), NGXGROUP (0.61%) and six (6) others.

    On the contrary, 21 stocks remain depreciated in price topped by UPDC with price depreciation of 9.92 percent to close at ₦1.18, as OANDO (-2.78%), PRESCO (-1.24%), UBA (-1.23%), FBNH (-0.83%), ZENITHBANK (-0.62%), FLOURMILL (-0.34%), and GTCO (-0.20%) also dipped in price. In that regard, the market breadth closed negative, recording 14 gainers and 21 losers.

    → Consequently, the sector performance was relatively negative, as three of the five major sectors closed negatively, led by Oil & Gas (-0.56%), Consumer Goods (-0.23%) and Banking (0.18%).

    But, the Insurance (0.82%) and Industrial Goods (0.002%) sectors grew as against the previous session.

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