The Nigerian equities market began the week on a negative note, dropping by 0.49 per cent or N289billion.
At the close of trading on Monday, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities market capitalisation all recorded a decline from last weeks last day of trading, decreasing from highs of 104,647.37 points and N59.168 trillion respectively to 104,136.35 points and N58.879trillion.
The stock market’s year-to-date (YtD) return also lowered to +39.27 per cent.
While investors of Dangote Sugar Refinery Plc, Ikeja Hotel Plc and Jaiz Bank Plc sold the most shares, Dangote Sugar Refinery Plc also recorded the highest dip, closing at N53.10 from the from N59 it opened with, translating to loss of N5.90 or 10 per cent.
International Energy Insurance was next on the losers table, dropping from N1.50 to N1.35, translating to loss of 15 kobo or 10 per cent.
Also on the losers table was Jaiz Bank which went down from N2.42 to N2.18, losing 24 kobo or 9.92 per cent, while Ikeja Hotel was down from N6.48 to N5.85, losing 63 kobo or 9.72 per cent.
Investors exchanged 306,821,620 shares worth N11.383 billion in 9,343 deals.
