Equities market begins week negative Nigeria’s domestic market key index depreciated by 3.1 percent at the close of business on Monday due to losses in 38 Equities.
Losses in stocks such as MTN Nigeria, Dangote Cement among others led to a drop in the All-Share Index at the Exchange by 3,329.55 basis points, representing a 3.1 percent decline to close at 102,393.23 points lower than Friday’s 105,722.78 points.
Consequently investors lost N1.820 billion on Market capitalization to close at N56.029 trillion as against the N57.849 trillion recorded on Friday.
The day’s trading session ended with 19 gainers relative to 38 losers.
Profiting taking activities were recorded in stocks led by Juli at 9.52 percent per share, DAARCOMM at 8.64 percent and SUNUASSUR at 6.74 percent.
On the flipside, MTN Nigeria and Dangote Cement led the losers table witha 10 percent drop on their respective share prices followed by the NGXGROUP with a 9.76 percent and NEM which dropped 9.74 percent on their share prices.
Monday’s transactions end with 273.85 million unit of shares that exchanged hands in 9,688 deals.
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