The Nigerian equities market began the week on a bearish sentiment as investors lost N112bn on market capitalisation to close at N55,282 trillion as against N55, 394 trillion at the close of trading last week while the benchmark all- share index dropped by 0.24% to close at 96,205 .85 basis points.
Despite the losses,the market sentiment remained in the positive territory as it recorded 34 gainers compared to 21 losers.
The top three gainers for the day were Eterna with 10% price gain and a closing price of N33 per share,followed by Tantalizers also with 10% gain to close at 77k then Oando was next with 9.95% gain and a closing price of N89.50k.
On the other hand, leading the decliners were LearnAfrica with 11.18% loss and a closing price of N4.13k, Julius Berger with 10% price loss with a closing price of N153.45k and Transcorp Power which lost 9.99% to close at N301.70k.
The banking sector dominated trading with Jaiz Bank recording the highest volume of 247 million traded shares, followed by Zenith Bank with 173 million shares.
Monday’s trading saw a total of 774,37 million shares valued at N14.64 billion traded in 10, 412 deals.
