The Nigerian Exchange Group Limited NGX, started the trading week of the month bearish as price rally in medium and low cap stocks continued.
Investors witnessed a 202.75 basis points drop on the All-Share Index of listed equities representing a 0.2 percent decline to close at 97,626.27 points lower than the 97,829.02 points recorded at close of business on Friday.
The Exchange extended the losses of the last days of the previous week as the market capitalization depreciated further by N122 billion to close at N59.169 trillion compared to the N59.292 trillion of the previous day.
The market sentiment as measured by market breadth ended negative 29 equities on the gainers list relative to 30 decliners.
On price movement, HMCALL led the gainers list with a 10 percent profit on its share price to close at N5.61 kobo, followed by SUNUASSUR with a 9.81 percent increase on its share price to close at N3.47 kobo then; NCR share price gained 9.72 percent to close at N4.74 kobo.
On the other hand, UACN led the losers table with a 8.19 percent drop on its share price to close at N21.30 kobo.
REGLINS followed with a 6.25 percent loss on its share price to close at N0.45 kobo; while JAPAULGOLD share price dropped by 6.09 percent to close at N2.16 kobo.
The day’s trading session closed with a total of 681.26 million units of shares that exchanged hands in 10,464 deals.
Hauwa Abu
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