Nigerian bourse opens trading week with marginal loss of 0.02%

The Nigerian equities market opened the trading week on Monday in the negative territory as market index recorded marginal drop 0.02 per cent decline.

The Nigerian Stock Exchange All-Share Index (NSE ASI) closed on Monday at 36,938.83 basis points as against 36,939.59 basis points of Friday dropping by 0.02 per cent.

Market capitalisation closed similarly lower at N12.843 from N12.846 though market breadth closed bullish with a count of 23 gainers as against 20 losers.

The Banking and Industry Index was positive, ASEM remained unchanged, and all other sector performance indicators shed points with the insurance sector experiencing the greatest loss amongst them.

The volume of shares traded in the day increased by 29.21 per cent to close at 467 million as against a previous close of 361 million with the value attached of N2.9 billion from a previous close of N3.68 billion, showing a 21.17 per cent drop.

Jaiz Bank, FBN Holdings, Transnational Corporation, Africa Insurance and Diamond Bank traded the highest volume of shares, while Nigerian Breweries, GTBank, FBN Holdings, Zenith Bank and Guinness Nigeria topped the value-based chart.