It was a day where more stocks lost value than gained, with 43 companies seeing their share prices fall while only 21 rose. Northern Nigeria Flour Mills was hit the hardest, shedding 10 percent to close at N101.30. Cileasing wasn't far behind, dropping 9.68 percent to N4.20, and University Press also fell significantly by 9.27 percent to N4.99. Other notable losers included Deap Capital Management and Learn Africa.
On the flip side, some companies managed to buck the trend. Guinea Insurance saw its shares jump by 10 percent to 77k, and Ellah Lakes gained 9.93 percent, closing at N4.76. Legend Internet and Royal Exchange also saw healthy increases, along with Fidson Health.
In terms of trading activity, a substantial 721.75 million shares were traded, valued at N22.01 billion across 22,100 transactions. This was a decrease in the number of shares traded compared to the previous Friday, but an increase in their total value. Access Corporation led the pack with the most shares traded, followed closely by United Bank for Africa and Zenith Bank. Fidelity Bank and Guaranty Trust Holding Company also saw significant trading volumes.
