Investors in the Nigerian equities market lost N1.8 trillion by the close of trading on Monday to begin June in a bearish mode.
This followed a dip in the share prices of stocks such as Bua Cement, Trans Express, and John Holt, among others, on the trading floor.
The benchmark All-Share Index (ASI) decreased to 247,560.66 points from the 250,385.47 points recorded on the previous trading day.
After five hours of trading on the capital market, equity capitalisation dipped to N158.6 trillion from N160.5 trillion posted by the bourse on Friday.
The market breadth was negative, with 24 stocks advancing, 37 declining, and 85 remaining unchanged in 91,880 deals.
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A total of 1,127,747,150 shares were traded, valued at N44.2 billion.
Intenegins, Consolidated Hallmark and TIP led the gainers’ chart, with 9.96%, 9.92% and 9.86% growth in share prices, respectively, to close at N4.97, N6.87 and N31.20 per share, up from N4.52, N6.25 and N28.40 per share.
Bua Cement, Trans Express, and John Holt led other price decliners, with declines of 10%, 9.85% and 9.73% each to close at N378.00, N4.76, and N15.30 per share, down from N1420.00, N5.28, and N16.95 per share, respectively.
On the volume index, Abbey Mortgage Bank led trading with 291 million shares in 342 deals, followed by Access Holding Co, which traded 130 million shares in 3,828 deals.
Neimeth traded 77 million shares in 420 deals.
On the value index, Aradel traded stocks valued at N6.3 billion in 3,471 deals, followed by Zenith Bank, which traded equities worth N4.2 billion in 5, 893 deals.
GTCO traded shares valued at N3.7 billion in 5,787 deals.
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