The Nigerian Exchange Limited has continued the week on a negative note as investors recorded N111 billion loss on Monday.
This comes as NGX market capitalization, which opened at N55.394 trillion, shed N111 billion to close at N55.283 trillion.
The All-Share Index also declined by 0.24 percent or 228 points to close at 96,205.84 points, as against 96,433.54 points reported on Friday.
Similarly, the Year-To-Date (YTD) return declined by 28.66 percent.
However, market breadth closed positive with 34 gainers and 20 losers.
The major drivers of the market relapse included Transnational Power, alongside Tier-one banks, such as Zenith Bank and Access Corporation.
On the gainer’s table, Eterna and Tantalizers led by 10 percent each to close at N33 and 77k per share respectively.
Oando followed by 9.95 percent to close at N89.50, FTN Cocoa gained 9.93 percent to close at N1.66 and UACN rose by 9.81 percent to close at N22.95 per share.
On the flipside, Julius Berger led the losers’ table by 10 percent to close at N153.45, and Transpower trailed by 9.99 percent to close at N310.70 per share.
McNichols lost 9.40 percent to close at N1.35, UPL declined by 8.99 percent to close at N2.43, while Cutix went down by six percent to close at N2.82 per share.
Further analysis of the market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 21.82 percent.
This is as investors traded 774.38 million shares valued at N14.65 billion in 10,412 deals, compared with 392.51 million shares valued at N12.02 billion exchanged in 7,981 deals posted in the previous session.
Meanwhile, on the activity chart, Jaiz Bank emerged as the most traded stock in volume with 247.04 million shares, while Zenith Bank led in value value with N6.42 billion.
Recall that NGX ended last week on a bearish trend.
NGX investors lose N111bn on Monday as ASI declines
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