Equities Investors further lose N208.3bn on Monday

Equities trading opened the new month on a negative trend, as the positive results released by some companies listed on the Nigerian Stock Exchange (NSE) failed to lift performance, as the benchmark index further lost by 1.53 per cent.

The All-Share Index (ASI) decreased by 400 basis points, representing a dip of 1.53 per cent to close at 25,816.57 points. Similarly, the overall market capitalisation size declined by N208.3 billion to close at N13.449 trillion.

Market breadth closed negative, with 9 gainers versus 25 losers. Law and Tock Union recorded the highest price gain with ten per cent, to close at 99 kobo per share. AIICO Insurance followed with a gain of 7.79 per cent to close at N0.83 kobo, while Eterna Oil Plc rose by 5.53 per cent to close N2.10 kobo, per share.

FCMB went up by 5.26 per cent to close at N1.80 kobo, while Courville rose by five per cent to close at 21 kobo per share.

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On the other hand, WAPCO Plc, Nestle Nigeria, PZ and Unilever depreciated in share value by ten per cent to close at N13.95 kobo, N1,017.00, N4.05 kobo and N13.50 kobo per share, respectively.

NACHO also went down by 9.96 per cent to close at N2.35 kobo, just as CAP shed 9.96 per cent to close at N22.15 kobo.

The total volume of trades on the local bourse for the day increased to 325.3 million units, valued at N6.03 billion and exchanged in 5,954 deals.

Transactions in the shares of Guaranty Trust Bank topped the activity chart with 93.7 million shares valued at N2.1 billion, followed with 44.2 million shares worth N798.5 million of Zenith Bank shares.

United Bank for Africa traded 18.4 million shares valued at N121.3 million, while Fidelity Bank traded 17.7 million shares worth N32.3 million, just as FBN Holdings traded 16.8 million worth N79.1 million.