Investors trading on the floor of the Nigerian Exchange Group Limited, NGX, witnessed a drop in market capitalisation of listed equities amid renewed bargain hunting and profit-taking on medium and large cap stocks.
Monday’s trading session ended with decrease of N89 billion on market capitalisation to close at N28.512 trillion lower than the N28.602 trillion recorded on Friday.
Consequently, All-Share Index depreciated by by 163.66 basis points, representing a decline of 0.31 percent to close at 52,348.82 compared to Friday’s 52,512.48.
A total volume of 221, 85 million units of shares that exchanged hands in 5,219 deals.
The market sentiment, as measured by market breadth, was negative as 20 stocks gained, relative to 23 losers.
PRESCO led the gainers chart with the highest price gain on its shares with 9.87 percent to close at N150.80k and N139. WAPIC followed with a 9.52 gain percent on its share price to close at N0.46 while FTN Cocoa Processors had 7.14 percent gain on its share price to close at N0.30k.
On the flipside, CHELLARAM led the losers table with a 9.70 percent loss on its share price to close at N1.21k followed by PRESITGE which had a 8.70 percent loss to close at N0.42k. Then Livestock Feeds had 7.69 percent loss to close at N1.20k.
