Nigerian stock market begins week negatively as investors document N81bn in losses
The Nigerian stock market on Monday began the week in bearish territory as investors recorded an N81 billion loss.
This comes as Nigerian Substitute Cramped market capitalization declined by 0.05 percent, or N81 billion, on Monday, from N160.443 trillion to N160.362 trillion.
Equally, the All-Portion Index fell from 250,330.92 to 250,204.83, shedding 126.09 capabilities, or 0.05 percent.
three hundred and sixty five days-to-date return diminished to 60.Seventy nine percent, whereas market breadth closed negative with 36 losers and 33 gainers.
NCR Nigeria and Zichis Agro-Allied Industries led the losers’ chart by 9.Ninety nine percent every, settling at N161.20 and N26.49 per part, respectively.
Industrial and Clinical Gases declined 9.93 percent to N38.10, whereas Sovereign Have faith Insurance protection dipped 9.86 percent to N2.65.
Daar Communications shed 9.78 percent, settling at N2.03 per part.
On the gainers chart, Oando and College Press led by 10 percent every, closing at N51.70 and N5.50 per part, respectively.
Following that, Deap Capital Management obtained 9.96 percent, Could per chance presumably also simply and Baker rose 9.94 percent, and Trans-Nationwide Articulate was once up 9.92 percent, ending at N5.96, N52, and N7.76.
In the period in-between, NCR Nigeria, Zichis Agro Allied Industries, Industrial and Clinical Gases, Sovereign Have faith Insurance protection, and Daar Communications, plus 31 equities, dragged the market into negative territory.
In a separate diagnosis, market insist declined on the close of buying and selling, with entire quantity traded dropping 26.16 percent to 800.46 million shares valued at N37.05 billion across 87,096 deals.
United Bank for Africa recorded the supreme buying and selling quantity with 64.97 million shares, accounting for 8.12 percent of the day’s entire quantity.
Aradel Holdings posted the supreme substitute rate at N6.15 billion, representing 16.60 percent of the overall rate traded for the day.
