Trading on the Nigerian equities market closed on the bearish sentiment on the first trading day on Monday resulting in across-the-board price decline and profit taking in blue chip stocks.
The All-Share Index dropped with 1.11% to close at 51,400.53 points while the market capitalisation depreciated by N312 billion to close at N27,718 trillion.
The market recorded 17 losers and 13 gainers at the close of trading.
At the end of the day’s trading, a total of 98,85 million shares with market value of N2.51 billion were traded in 4,314 deals.
FTN Cocoa Processors led the gainers with 10% share price appreciation closing at N0.33 per share, followed by CAP with 10% gain to close at N18.70k per share and Nigerian Aviation Handling Company with 10% gain to close at N6.05k per share.
On the losing side, MTN Nigeria came out last with an end-of-day price depreciation of 6.99% at N213.00 per share, followed by United Capital which lost 5.51% to close at N12.00 then Cutix lost 5.46% to close at N2.25k.
United Bank for Africa recorded the highest volume of 15.9 million traded shares, followed by Zenith Bank with 12.3 million shares.
