Stock market opens week negative, loses N312bn

activities on the floor of Nigerian Exchange start week on Monday in a negative note, declining by N312 billion.

Market capitalisation of listed equities declined by  1.11  per cent to N27.718 trillion from N28.030 trillion traded on Friday.

The NGX All Share Index also depreciated by 579.39 basis points to 51400.53 points from 52979.92 recorded the previous day.

Investors traded 98.852 million shares valued at N2.514 billion in 4314 deals against 205.055 million shares valued at N3.058 billion in 3600 deals.

A review of the investment showed that Nahco led gainers table during the day, improving by 10 per cent to N6.05, FTNCocoa followed with a gain of 10.00 per cent to close at N0.33, Cap Plc added 10 per cent to N18.70, Multiverse gained 7.89 per cent to N2.05, Unity Bank increased by 7.14 per cent to N0.45.

On the contrary, MTN Nigeria topped losers chart during the day, dropping by 6.99 per cent to N213.00, United Capital trailed with a drop of 5.51 per cent to N12.00, Cutix Plc gained 5.46 per cent to N2.25, RTBriscoe down by 5.0 per cent to N0.38, Sovereign Trust Insurance dipped by 3.70 per cent to N0.26.