The negative performance was driven by price depreciation in large and medium capitalised stocks which are; MRS Oil Nigeria, Eterna, Zenith Bank, GlaxoSmithKline Consumer Nigeria and Learn Africa. MRS Oil Nigeria followed with a decline of 9.85 per cent to close at N12.35 kobo while Japaul Gold and Ventures lost 7.69 per cent to close at 36 kobo. Transactions in the shares of UACN topped the activity chart with 75.880 million shares valued at N720.791 million. FBN Holdings (FBNH) followed with 68.559 million shares worth N836.406 million, while United Bank for Africa (UBA) traded 16.723 million shares valued at N133.783 million. Stanbic IBTC Holdings traded 13.316 million shares valued at N478.720 million, while Courteville Business Solutions transacted 7.10 million shares worth N2.662 million.

Source: The Guardian December 22, 2021 10:25 UTC