The nation’s equity market on Monday closed bearish, shedding N1.821 trillion as losses recorded in the shares of MTN Nigeria, Dangote Cement and 16 others wipe -off gain in the shares of Juli Pharmaceutical, Nahco, SUNU Assurance and among others.
As a result Market capitalisation of listed equities declined by 3.15 per cent to N56.028 trillion from N57.849 trillion reported on Friday.
The NGX All Share Index also depreciated by 3329.56 basis points to 102393.23 points from 105722.79 points recorded on Friday.
An analysis of the investment showed that Juli Pharmaceutical led gainers table with 9.52 per cent to close at N1.61 per unit, Daar Communications followed with a gain of 8.64 per cent to close at N0.88 per unit, SUNU Assurance gained 6.74 per cent to close at N1.90 per unit, Nahco added 5.86 per cent to close at N30.70 per share.
On the contrary, Dangote Cement and MTN Nigeria topped losers chart, dropping by 10 per cent to close at N686.70 and N247.50 per share respectively.
NGX group trailed with a loss of 9.76 per cent to close at N22.20 per unit, NEM Insurance dipped by 9.74 per cent to close at N6.95 per unit while Tantalizer down by 9.52 per cent to close at N0.38 per unit.
Volume of trades declined 68.662 million, representing 20.05 per cent as investors traded 273.851 million shares valued at N7.439 billion in 9688 deals against 342.518 million shares worth N8.049 billion in 8395 deals.
Transactions in the shares of GTCO Plc led market activities with 28.845 million shares valued at N1.126 billion, Transnational Corporation of Nigeria followed with account of 20.135 million shares valued at N275.930 million, AccessCorp traded 15.900 million shares cost N359.450 million, FBNHoldings traded 15.865 million shares worth N450.741 million, Zenith Bank traded 15.838 million shares valued at N568.045 million.
