Investors lose N125 billion in Monday’s Trading at NGX
Trading at the Nigerian Exchange ended on a negative note on Monday amid selloffs in the industrial and consumer goods sector.
Market capitalisation declined by N125.45 billion, making the market to close at N27.23 trillion from N27.36 trillion posted on Friday. This represented 0.46 per cent decrease.
The All-Share Index (ASI) dropped by 0.46 per cent to close at 50,489.73 points from 50,722.33 points recorded on Friday.
Consequently, this indicates a year-date-date return of 18.20 per cent.
Japaul Gold and Ventures led the gainers with 8.82 per cent to close at 37k per share.
This is followed by Honeywell Flour Mill with 5.73 per cent to close at N2.95 per share, while Cornerstone Insurance Company gained by 5.63 per cent to close at 75k per share.
Also, Lasaco Assurance appreciated by 5.38 per cent to close at 98k per share and UCAP rose by 4.49 per cent to close at N12.80 per share.
On the other hand, RT Briscoe was last with a decline of 10 per cent to close at 36k per share.
Industrial & Medical Gases followed with 9.84 per cent to close at N8.25 per share.
Skyway Aviation Handling Company and Ellah Lakes fell by 9.6 per cent each to close at N5.65 and N3.58 per share, respectively.
Also, Caverton declined by 1.09 per cent to close at N6.84 per share.
FBN Holdings recorded the highest volume of 74.6 million shares sold at 820.15 million
Multiverse Mining & Exploration followed with N20.5 million shares traded at N38.53 million.
Access Holdings transacted 12.3 million shares worth N111.16 while AIICO Insurance sold 11.6 million shares valued at N219.15.
Zenith Bank sold 10.23 million share worth N35.99 million
The market turnover increased to N2.12 billion from N1.93 billion posted on Friday.
The market breadth was negative as 10 stocks advanced and 15 declined.
Also, First Bank of Nigeria Holding (FBNH) recorded the highest volume of trade and the highest value of trade for the day.
(NAN)
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