Activities on the Nigerian Stock Exchange (NSE) opened for the week on Monday on a downward trend as the market indices declined by 0.22 per cent as a result of losses posted by some highly capitalised stocks.
The market capitalisation lost N27 billion or 0.22 per cent, to close lower at N12.407 trillion, against the N12.434 trillion recorded on Friday.
The NSE All-Share Index lost 86.65 points or 0.22 per cent to close at 38,626.11, compared with 38,712.76 achieved on Friday.
Also, the volume of shares traded dropped by 40.29 per cent.
Investors staked N6.07 billion on 344.796 million shares in 4,127 deals.
This was against a turnover of 577.438 million shares worth N3.82 billion exchanged by investors in 4,533 deals on Friday.
Zenith Bank was the toast of investors, accounting for 68.14 million shares valued at N1.43 billion.
GT Bank came second on the activity chart with 62.33 million shares worth N1.67 billion, while UBA sold 47.36 million shares valued at N341.00 million.
Nigerian Breweries led the losers’ chart, dropping N1.94 to close at N152 per share.
It was followed by Honeyflour with a loss of 17k , to close at N3.67 per share. Livestock lost 15k to close at N3.23, while UBCAP went down by 12k to close at N2.57 per share.
UAC-Property recorded the highest gain for the day, appreciating by N1.16, to close at N24 per share.
Lafarge Cement trailed with a gain of N1.07 to close at N107.93, while Stanbic IBTC appreciated by 63k to close at N19.40 per share.
Dangote Sugar gained 57k to close at N9.03, while Flour Mill grew by 50k to close at N70 per share.