Activities in the equities market of the Nigerian Exchange Limited (NGX) on Monday resumed the week with bearish sentiments despite more gainers than losers.
As a result, the All Share Index (ASI) decreased by 5.40 basis points or 0.01 per cent to close at 49,676.75 basis points as the market capitalisation lost N3 billion to close at N26.794 trillion.
The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are; Nigerian Breweries, Ardova, Caverton Offshore Support Group, Guaranty Trust Holding Company (GTCO) and John Holt Plc.
Market breadth closed positive as 18 stocks gained relative to eight losers.
Trans Nationwide Express recorded the highest price gain of 9.52 per cent to close at 69 kobo, per share.
UPDC Real Estate Investment Trust (UPDCREIT) followed with a gain of 9.23 per cent to close at N3.55 and Multiverse Mining & Exploration went up 9.17 per cent to close at N2.62, per share.
Vitafoam Nigeria up by 8.37 per cent to close at N22.00, while Courteville Business Solutions appreciated by 8.33 per cent to close at 52 kobo, per share.
On the other hand, Caverton Offshore Support Group led the losers’ chart by 9.57 per cent to close at N1.04, per share.
John Holt followed with a decline of 8.99 per cent to close at 81 kobo, while Japaul Gold and Ventures lost 8.82 per cent to close at 31 kobo, per share.
AIICO Insurance declined 3.64 per cent to close at 53 kobo, while Nigerian Breweries shed 2.86 per cent to close at N45.80, per share.
The total volume traded increased by 20.38 per cent to 232.945 million units, valued at N2.186 billion, and exchanged in 4,425 deals.
Transactions in the shares of Jaiz Bank topped the activity chart with 40.421 million shares valued at N36.172 million.
Access Holdings followed with 35.805 million shares worth N293.556 million, while FBN Holdings traded 23.064 million shares valued at N251.379 million.
