Investors open the week with N30bn loss on NGX

Investors on the Nigerian bourse recorded a loss 0.12 per cent or N30 billion as the market capitalisation dropped from N23.95 trillion to N23.92 trillion on Monday.

The All-Share Index was down by 55.01 basis points to close at 44,399.66 compared with 44,454.67 with which it closed on Friday.

A total of 214.31 million shares worth N2.68 billion were changed by invetors in 4,410 deals on Monday which was lower than the 405.74 million shares valued at N9.82 billion that exchanged hands in 3,880 deals on Friday.

The day top gainner was TIP with its share price rising by 10 per cent to move from N0.40kobo to N0.44kobo per share at the end of trading. It was followed by Sunu Assurance share price which grew by 9.68 per cent to close the day trading at N0.34kobo from N0.31kobo per share with which opened the day transactions.

Eterna Oil price rose by N0.39kobo to move from N5.61kobo to N6 per share, even as WAPIC gained 6.25 per cent to move from N0.48kobo to N0.51kobo per share. Consolidated Hallmark Insurance share price was up by 4.48 per cent to end trading at N0.70kobo from N0.67kobo per share.

On the other side, Veritas Kapital led the losers’ table with its share price declining from N0.23kobo to N0.21kobo per share after shedding 8.70 per cent in its opening value. Mutual Benefit’s share price depreciated from N0.27kobo to N0.25kobo per share after losing 7.41 per cent in share price during trading.

Cornerstone’s share value dropped by 7.27 per cent to end trading at N0.51kobo from N0.55kobo per share. BUA Foods recorded a loss of N4.20kobo to end trading at N61.80kobo from N66 per share it entered the market.

Courtville completed the list of five topmost losers shedding 5.41 per cent from its share price to drop from N0.37kobo to N0.35kobo per share.

Transcorp recorded 39.34 million shares worth N43.05 million to emerge the most traded stock for the day. First Bank followed with 25.49 million valued at N305.97 million.

GTCO traded 24.81 million shares valued at N625.08 million and it was followed by Zenith Bank with 20.91 million shares worth N532.96 million while Fidelity Bank traded 10.35 million valued at N27.22 million.