Trading on the equities market of the Nigerian exchange closed in the red on Monday continuing on the negative trend that the market ended with last week.
The benchmark all share index dropped 0.07 per cent to close at 47,251.93 points being 30.74 points lower than 47,282.67 recorded at the close of trade last week.
Similarly, the market capitalisation shed N16 billion to close the day at N25,466 trillion as against N25,482 trillion on Friday.
The market sentiment also closed negative with 15 gainers relative to 22 losers. At the end of the day, investors traded a total of 213.56 million shares worth N2.67 billion in 4,485 deals.
The gainer’s table had Guinness Nigeria with N6.50 gain to close at N71.50k, followed by Royal Exchange with a gain of 0.10 per cent to close at N1.30k then Mutual Benefit Assurance gained 0.02k to close at N0.27k.
On the other hand, United Bank for Africa led the losers after it lost 0.90k to close at N7.75k and it was followed by RT Briscoe with 0.08k loss and a closing price of 0.72k and Berger paints which lost 0.80k to close at N7.50k.
The banking sector recorded the highest volume of trade for the day with Access bank having 27.2 million traded shares followed by Zenith Bank with 19.9 million traded shares.
Mercy Chukwudiebere
