Trading activities on the floor of Nigerian Exchange (NGX) on Monday took a negative turn, shedding by N257 billion as decline in the share price of BuaCement weighed down on market index.
The NGX All Share Index depreciated by 473.04 basis points to 70946.83 points from 71419.87 points reported the previous day.
Market capitalisation of listed equities declined by 0.66 per cent to N38.823 trillion from N39.080 trillion reported the previous day.
A review of the investment showed that Thomas Way led gainers table with 10 per cent to close at N2.75 per share,, FBNHoldings followed with 9.93 per cent to close at N24.35 per share, Deap Capital and Daar Communication gained 9.68 per cent each to close respectively at N0.67 and N0.34 per share. Neimeth International Pharmaceutical added 9.63 per cent to close at N2.05 per share.
On the contrary, BuaCement recorded the highest loss during the day, shedding 10 per cent to close at N93.60 per share, Mcnichols trailed with 9.33 per cent to close at N0.68 per unit, CWG fell by 7.50 per cent to close at N6.66 per unit, UPDC and Mutual Benefits dipped by 7.14 per cent each to close respectively at N1.17 and N0.52 per cent per share.
Investors exchanged 358.527 million shares valued at N7.100 billion in 6433 deals against 361.12 million shares worth N10.23 billion in 5640 deals.
The result showed that Universal insurance led market activities with 58.853 million shares valued at N16.896 million, Transnational Corporation of Nigeria followed with account of 24.378 million shares valued at N167.174 million, GTCO Plc traded 23.371 million shares cost N916.558 million, Unity Bank traded 19.144 million shares valued at N31.499 million while United Bank for Africa sold a total of 18.982 million shares valued at N40.714 million.
