Transaction on the floor of the Nigerian Stock Exchange (NSE) commenced the week on a negative note, with All Share Index (ASI) dropping 0.23 per cent.
The ASI which opened trading at 41,176.14 basic points, shed 93.76 index point to close at 41,082.38 basis points on Monday.
Also, the market capitalisation fell by N40bn, representing 0.23 per cent to close the transaction at N21.490 trillion, as against the N21.530 trillion it posted on Friday.
The decline of equities was impacted by the drop in the shares of highly capitalized stocks including Dangote Cement, Flour Mills Plc, Guinness Nigeria, FBN Holdings and Nascon Plc.
The market turnover increased by 10.78 per cent, as investors bought and sold 738.524 million shares worth N4.172 billion in 7,396 deals as against 666.606 million shares worth N6.396 billion in 6,980 deals traded on Friday.
The market breadth came out positive with 35 gainers and 22 losers, compared to 42 gainers and 12 losers recorded on Friday.
The losers’ table was dominated in percentage point by Flour Mills, dropping 5.49 per cent to close at N31 per share.
FBN Holdings trailed behind when it shed 3.95 per cent to close at N7.3 per share, while Guinness Nigeria fell by 2.63 per cent to close at N18.5 per share.
Likewise, Nascon and Dangote Cement went down by 1.71 and 1.01 per cent to close at N17.25 and N234.6 per share respectively.
On the other hand, Cadbury led the gainers’ chart in percentage parameters, when it surged by 10 per cent to close at N10.45 per share.
BOC Gas closely followed gaining 9.98 per cent to close at N13.77 per share, while Livestock Feeds appreciated by 9.95 per cent to close at N2.32 per share.
In the same vein, Guaranty Trust Bank and Lafarge Africa climbed 1.82 and 0.84 per cent to close at N33.65 and N24 per share respectively.
The market activity chart was led in volume by Japaul Gold when it traded 92.361 million shares worth N145.792 mi
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