NGX Equities Market resumes trading with N3bn loss

Toyin Ajadi 

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The Nigerian Exchange (NGX) equities market closed in the red with market capitalization shedding N3 billion on the first trading day of the week, reversing the gains recorded at the close of trading last week.

 

The market capitalization shed N3 billion to close at N20, 275 trillion as against N20, 278 trillion recorded last week Friday, while the All-share Index depreciated by 0.02% or 6.16 points to close at 38,915. 72 points compared to 38,921.78 points at the end of trading last week.

 

The market sentiment on Monday was also negative as the market closed with 18 gainers and 21 losers.

 

At the end of  the day, a total of 201.1 million shares with market value of N2.53 billion were traded in 3,340 deals.

 

Morison Industries led the gainers’ chart with a share price appreciation of N0.18k to close at N2.10k. It was followed by Sovereign Trust Insurance with share price appreciation of N0.02k to close at N0.27k, then Linkage Assurance, which gained N0.03k to close at N0.60k.

 

On the other hand, SCOA Nigeria led the losers’ table with a closing price of N1.17k after it lost N0.13k. It was followed by Academy Press with a closing price of N0.36k, having lost N0.03k and UPDC, which lost N0.10k to close at N1.51k.

 

Universal Insurance Company dominated trading on Monday as it had the highest volume of 19.4 million traded shares followed  by Fidelity Bank with 19.3 million shares.

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