Transactions in equities trading on the floor of the Nigeria Exchange Group Limited, NGX started the week on a negative note as market capitalization sheds N258 billion.
At the end of business on Monday, the All-Share Index of listed equities dropped by 473.04 basis points, representing a 0.7 percent decline to close at 70,946.83 points lower than Friday’s 71,419.87 points.
Consequently, investors witnessed a drop of over N258 billion on market capitalisation to close at N38.823 trillion compared to the N39.082 trillion of the previous day.
The day’s market activity ended with a total volume of 368.52 million units that exchanged hands in 6,433 deals.
The Exchange however, recorded gains in 33 stocks at the end of the day’s trading session relative to 26 losers.
Profit-taking activities in the share of THOMASWY, FBNH and DAARCOMM among others enjoyed investors’ patronage as their respective share prices increased by 10 percent, 9.93 percent and 9.68 percent to close at N2.75k, N24.35k and N0.34k.
On the flipside, share prices of MCNICHOLS, CWG and MBENEFIT dropped by 9.33 percent, 7.50 percent and 7.15 percent to close at N0.68k, N6.66k and N0.52 respectively.
Olusola Akintonde
