Investors in Nigeria’s stock market on Monday lost N170bn as market capitalization fell from N11.124tn on Friday to N10.954tn, Concise News reports.
This online news medium understands that the All Share Index shed 1.53 per cent to close at 29,162.24 basis points, and dragged the year-to-date loss to -7.2 per cent.
The volume of shares traded on the floor of the Nigerian Stock exchange climbed by 13.4 per cent and 50.6 per cent to 455.875 million units and N5.26bn, in that order.
Sterling Bank Plc (93.4 million units), Guaranty Trust Bank (78.3 million units) and Tripple Gee and Company Plc (60 million units), while GTB (N2.7bn), Zenith Bank Plc (N540.7m) and 11 Plc were the top traded stocks by value.
The top gainers after the day’s trading in the Nigeria Stock Exchange (NSE) were mutual Benefits, Neimeth Pharmaceuticals Plc, Learn Africa Plc, Chams Plc and Eterna Plc, which gained 10 per cent, 9.80 per cent, 8.94 per cent, 8.33 per cent and 6.25 per cent, respectively.
However, the top five losers were Fidson Healthcare Plc, Tripple Gee, NPF Microfinance Bank Plc, Chi Plc and Mcnichols Plc, whose respective share prices shed 10 per cent, 9.09 per cent, 8.72 per cent, 7.41 per cent and 7.35 per cent.