The domestic equity market on Monday opened week on a negative note, shedding N659 billion as bears dominated trading for the day.
Market capitalisation of listed equities depreciated by 0.99 per cent to N65.488 trillion from N66.147 trillion reported the previous day.
The NGX All Share Index also depreciated by 1295.02 basis points to 104216.87 points from 105516.89 points reported on Friday.
The low performance reported during the day was driven by losses recorded in the shares of Nigeria Breweries, Oando Plc, United Bank for Africa,Zenith Bank, GTCO Plc, Fidelity Bank, Aradel FirstHoldco , Access Holdings company and 43 others.
As a result year to date return declined to 1.25 per cent as only nine firms closed in green against 51 companies that closed in red.
An analysis of the investment showed that VFD group led gainers table with 10 per cent to close at N 62.70 per unit, Total followed with a gain of 9.61 per cent to close at N745.00 per share, Guinea Insurance added 9.52 per cent to close at N0.69 per share, International General Insurance gained 9.33 per cent to close at N1.64 per unit,Abbey Building Society increased by 8.88 per cent to close at N5.15 per share .
On the contrary, four companies topped losers chart with 10 per cent. RTBriscoe , NSL Tech declined with 10 per cent each to close at N2.16 and 0.45 per unit respectively. Cornerstone Insurance and Oando Plc also depreciated by 10 per cent each to close respectively at N2.97 and N37.80 per share, Honey Well Flour trailed with a loss of 9.98 per cent to close at N10.19 per unit.