Investors in Nigerian Exchange Limited lost N297 billion or dipped by 0.44 percent to continue its Friday’s bearish trend.
This comes NGX market capitalisation dropped by N297 billion, falling to N68.042 trillion from N68.339 trillion on Friday.
The All-Share Index also declined by 471.93 points, or 0.44 percent, to close at 108,261.47, down from Friday’s 108,733.40.
This downward trend was driven by sustained profit-taking in Dangote Sugar, Guaranty Trust Holding Company, Vitafoam, AIICO Insurance, Zenith Bank, Fidelity Bank, and 20 others.
However, the market breadth ended positive with 39 gainers against 26 losers.
On the gainers table, Meyer Plc increased by 10 percent, settling at N8.80, while Multiverse Mining also gained by 10 percent, ending the session at N11 per share.
While Smart Products Nigeria Plc soared by 10 percent, closing at 55k, Beta Glass rose by 9.99 percent to close at N176.70 per share.
Haldane McCall Plc gained 9.88 percent, finishing at N4.67 per share.
On the flip side, E-Tranzact International fell by 10 percent, closing at N5.40, and John Holt declined by 9.48 percent, ending the session at N5.25 per share.
Union Dicon Salt shed 9.47 percent to close at N7.65, while C&I Leasing Plc dropped by 8.31 percent, finishing at N3.86 per share.
Linkage Assurance lost 8.06 percent, settling at N1.14 per share.
A total of 414.57 million shares worth N10.72 billion were exchanged across 16,664 transactions.
This is compared to 459.21 million shares worth N11.164 billion that were exchanged across 15,723 deals on Friday.
Transactions in the shares of Tantalizer topped the activity chart with 49.19 million shares worth N113.21 million.
VFD Group followed with 48.88 million shares valued at N782.31 million, while Access Corporation transacted 29.43 million shares worth N629.38 million.
Zenith Bank traded 24.316 million shares valued at N1.18 billion, and AIICO Insurance sold 19.108 million shares worth N30.98 million.
