Trading activities on the floor of Nigerian Exchange (NGX) opened Monday on negative note, declining by N239 billion as negative performances in the shares of MTN Nigeria and others impacted on the market.
Market capitalisation of listed equities declined by 0.40 per cent to N59.177 trillion from N59.416 trillion it closed on Friday.
The NGX All Share Index also depreciated by 421.91 basis points to 104663.34 points from 105085.25 points recorded the previous day.
A review of the trading showed that ABC Transport led gainers table with 9.86 per cent to close at N0.75 per unit, NEM Insurance followed with a gain of 9.77 per cent to close at N7.30 per share, Livestock Feeds gained 9.68 per cent to close at N1.70 per unit, NGX group added 9.55 per cent to close at N24.10 per share. Thomas Way recorded gain of 9.34 per cent to close at N1.99 per share.
On the contrary, Mcnichols Plc topped losers chart, dropping by 9.30 per cent to close at N1.17 per unit, Daar Communications trailed with a loss of 8.97 per cent to close at N0.77 per unit, UPDC dipped by 7.89 per cent to close at N1.40 per share, MTN Nigeria down by 7.58 per cent to close at N247.50 per unit, Regal Insurance declined by 5.13 million shares cost N0.37 per share.
Volume of transactions increased by 32.208 million shares , representing 32.33 per cent as investors traded 287.445 million shares valued at N10.800 billion in 9077 deals against 217.208 million shares worth N5.006 billion exchanged hands the previous day in 6457 deals.
United Bank for Africa led market activities with 46.231 million shares valued at N1.199 billion, GTCO Plc followed with a gain of 35.349 million shares worth N1.650 billion, Transcorps trades 21.506 million shares cost N324.985 million, Zenith Bank traded 21.488 million shares worth N834.055 million, FBNHoldings exchanged 17.919 million shares cost N698.140 million.
