The Nigerian equity market closed the first trading day of the week on a negative note, with a loss of N63 billion.
Market capitalization dropped from N59.53 trillion to N59.47 trillion.
The benchmark All-Share Index dropped by 103.23 points, ending at 98,107.52, reflecting a 0.11% loss.
Despite the daily decline, the ASI has gained 0.38% over the past week, 0.75% in the last four weeks, and 31.21% year-to-date.
A total of 436,039,692 shares were traded in 9,489 deals, with a market value of N12.86 billion.
This represents a decline compared to Friday’s trading, with a 58% drop in trading volume, a 26% decrease in turnover, but a 31% increase in the number of deals.
A total of 126 listed equities participated in trading, with 19 gainers and 36 losers.
The Nigerian Exchange Group led the gainers, rising by 10% to close at N27.50 per share. Other notable gainers included Golden Guinea Breweries, up 10% to N5.94; Tantaliser, which rose by 9.92% to N1.33; and Africa Prudential, increasing by 9.72% to N11.85.
On the losing side, Secure Electronic Technology recorded the highest decline, falling by 10% to close at N0.63 per share. Guinea Insurance followed with an 8.93% loss, ending at N0.51, while Deap Capital Management & Trust dropped by 8.4% to N1.09. Daar Communications also saw a significant decline of 7.02%, closing at N0.53.
FCMB Group led in trading volume with 61.7 million shares, followed by Access Holdings with 51.1 million, United Bank for Africa with 27.2 million, and Guarantee Trust Holding with 24.5 million.
