Equity investors have recorded N46 billion loss from the total value of their investments at the close of trading on the floor of Nigerian Stock Exchange (NSE) on Monday.
The benchmark indices of the All-Share Index (ASI) declined 125.91 absolute points, representing 0.34 percent and firmed at 37,266.86 as against 37,392.77 points, while the market capitalization dipped 0.34 percent to close at N13.499 trillion from N13.545 trillion last Friday.
Chemical and Allied Company Plc led the pack of losers with N2.5 or 6.76 percent to close at N34.5 per share.
Forte Oil came second with a value erosion of N1.9 or 6.57 per cent to close at N27.00, PZ shed N1.9 or 10 percent to close at N17.1 per share, while UPDC Reit dipped 1.00 or 10 percent to close at N9 per share.
Custodian and Allied Insurance Plc came last in the top five ranking with 61 kobo or 9.92 percent to close at N5.51 per share.
Despite the negative sentiments, Flourmill Plc added nine kobo or 3.10 percent to lead the gainers table. From the opening value of N29, its share price closed at N29.9 per share.
UACN trailed with seven kobo value addition, translating to 5.26 per cent to close at N14 per share. National Aviation Handling Company (NAHCO) occupied third place with 37 kobo or 9.97 percent to close at N4.08 per share.
Ecobank Transnational Incorporated (ETI) was up 35 kobo or 1.72 percent to close at N4.08 per share, while Transcorp came fifth to closed the ranking with three kobo or 2.44 percent to close at N1.26 per share.
At the close of trading, Medview Airline emerged the biggest trader for the day. Investors bought and sold 100.11 million shares at N198.38 million. FBN Holdings traded 42.85 million shared valued at N445.84 million; Transcorp (40.55 million shares at N51.48 million), Multiverse (20.89 million shares at N4.17 million) and Zenith Bank with (16.61 million shares at N398.48 million).
In all, investors spent N2.39 billion on 303.47 million shares in 3,402 deals.