The nation’s equity market on Monday sustained a declining trend, shedding N104 billion following profit taking in the shares of AccessCorp, Nigerian Breweries, United Bank for Africa GTCO Plc among others.
Market capitalisation of listed equities depreciated by 0.17 per cent to N58.775 trillion from N58.879 trillion reported the previous day.
The NGX All Share Index also went down by 182.88 basis points to 103952.47 points from 104136.35 points recorded on Monday.
An analysis of the Investment showed that Abbey Building Society led gainers table during the day, appreciating by 10 per cent to close at N2.42 per share, Conhall Plc followed with a gain of 9.92 per cent to close at N1.44 per unit, Juli Pharmaceutical added 9.80 per cent to close at N8.63 per unit, May & Baker increased by 9.69 per cent to close at N6.00 per share, International General Insurance gained 9.63 per cent to close at N1.48 per share.
On the contrary, UPDC recorded the highest loss during the day, shedding 9.87 per cent to close at N1.37 per unit, United Capital trailed with a loss of 8.75 per cent to close at N21.90 per share, Sovereign Trust Insurance fell by 8.33 per cent to close at N0.44 per unit, FTNCocoa dipped by 8.00 per cent to close at N1.61 per unit. Livestock Feeds down by 7.82 per cent to close at N1.65 per unit.
Investor’s traded 374.410 million shares worth N11.291 billion in 8689 deals against 306.821 million shares worth N11.383 billion in 9343 deals.
Transactions in the shares of GTCO led market activities with 67.148 million shares cost N3.269 million, United Bank for Africa followed with 51.466 million shares worth N1.368 billion, AccessCorp traded 33.320 million shares valued at N808.283 million, Fidelity Bank exchanged 30.025 million shares cost N300.275 million, Nigerian Breweries exchanged 22.624 million shares worth N639.034 million
