Trading activities on the equities market of the Nigerian Exchange closed in red on Monday bringing the all share index to drop by 0.03% to 104,529.62 points, being 33.72 points lower than Friday’s 104,563.34 points.
Similarly, the market capitalisation dipped by to close at N65,685 trillion from N65,706 trillion recorded at the close of trade last week.
However, the market sentiment closed in green with 27 gainers as against 25 losers wherein Abbey Mortgage Bank led the gainers with 9.95% price gain to close at N6.74k.
It was followed by UPDC which recorded 9.82% gain to close at N3.13k and Guinea Insurance with 9.52% price appreciation and a closing price of 0.69k.
On the other hand, United Bank for Africa depreciated by 11.33% to close at N31.30k per share followed by International Energy Insurance with 9.76% loss closing at N1.48k then Consolidated Hallmark Holdings lost 8.33% to close at N2.75k.
The banking sector stocks dominated trading on Monday as Access Holdings recorded the highest volume of 56 million shares followed by Zenith Bank with 55.4 million shares.
In all, Monday’s trading had a total of 428.163 shares worth N10.52 billion traded in 14,583 deals.
Victoria Ibanga
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