The first trading day for the week witnessed a sluggish outlook as equity investors on the Nigerian Stock Exchange (NSE) lost a whooping N125 billion even as the bourse recorded 32 losers as against 11 gainers.
As a result, the market capitalization on Monday, dipped 0.82 percent, translating to N125 billion to close at N14.734 trillion as against N14.859 trillion recorded last Friday.
The All Share Index (ASI) depreciated by 344.7 or 0.84 percent to close at 40,677.61 basis points as against 0.26 percent appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at +6.37 percent.
Nestle topped the losers table with N50 or 3.16 percent to close at N1,530 per share. It was followed by Okomu with N4.5 or five percent depreciation to close at N85.5 per share.
Nigerian Breweries dipped N2.5 or 2.01 per cent to close at N122 per share, while Dangote Cement and Oando trailed with share price losses of N1.5 and four kobo or 0.61 percent and 4.91 percent to close at N243.5 and N7.75 respectively.
Despite the loss that transpired the market, Ceverton led the top five gainers with 31 kobo or 4.98 percent to close at N2.74 per share.
Fidson came second with 11 kobo or 2.04 percent value addition to close at N5.49 per share, while Cutix added one kobo translating to 3.28 percent to close at N3.15 per share.
First City Monument Bank (FCMB) occupied third place with nine kobo addition or 3.54 percent to close at N2.63 per share, while Eterna Oil came last in the top five ranking with a growth of seven kobo or 1.01 percent to close at N7 per share.
At the close of trading for the day, United Bank for Africa (UBA) emerged most patronized stocks. The financial institution recorded the highest trading volume which stands at 60,444 million shares at N706.64 million.
In all, investors bought and sold 218.77 million shares valued at N2.230 billion exchanged in 4, 109 deals.