Nigeria’s equities market resumed this week on a negative note with losses on the cap price of 31 stocks at the end of trade on Monday.
The All-Share index dropped by 2.0 percent to close at 50,756.74 being 1,019.34 points lower than Friday’s 51,776.08 points while the market capitalisation depreciated by N550 billion to close trading at N27,363 trillion compared to the N27,914 trillion at the close of trade on Friday.
At the end of the day’s trading session, a total of 345.004 million shares were traded in 5,075 deals.
The market sentiment closed negative as the market recorded 31 losers as against 7 gainers.
Dangote Cement and UBN led the losers list for the day with 10.00 percent losses on its share prices to close at N249.30 and N5.40k respectively.
Livestock Feeds followed with a 9.77 percent on its share price to close at N1.20k, then International Breweries recorded a 9.60 percent loss to close at N5.65k.
Jaiz Bank on the other hand, led the gainers list with 5.32 percent gain on its share price to close at N0.99k followed by Regency Alliance Insurance Plc which gained 3.70 percent to close at lN0.29k while Japaul Gold gained 3.33 percent on its price to close N0.31k.
Hauwa Abu
