Equities transactions at the Nigerian Stock Exchange reopened for the week on Monday on a downward trend as the market indicators decreased by 2.22 per cent.
The News Agency of Nigeria reports that the depreciation was due to price losses made by some capitalised companies.
As a result of the bearish trading, the market capitalisation closed lower at N10.013 trillion when compared with N10.240 trillion posted on Friday.
Equally, the All-Share Index decreased by 664.2 points or 2.22 per cent to closed at 29,214.13 against the 29,878.33 achieved on Friday.
Analysis of the price movement chart showed that Seplat topped the losers’ table by N12.26 to close at N233.04 per share.
Dangote Cement came second with N7 to close at N170, while Guinness and Total Oil depreciated by N3 each to close at N116 and N152 per share respectively.
PZ Cussons declined by N2.90 to close at N26.93 per share.
On the other hand, Forte oil led the gainers’ chart by N10.90 to close at N239.10 per share.
Flour Mills trailed with a gain of N1.25 to close at N26.32, while Lafarge Wapco. advanced by 49k to close at N99.99 per share.
Paintcom rose by 10k to close at N1.20, while Wema Bank appreciated by 7k to close at 87k per share.
NAN reports that a total of 257.74 million shares worth N2.78 billion were transacted by investors in 4,247 deals.
This was against the 345.73 million shares worth N4.95 billion traded in 4,443 deals on Friday.
The Financial services sector remained investors’ delight as Zenith Bank emerged the most traded stock, accounting for 75.76 million shares worth N1.09 billion in 569 deals.
Access Bank followed with a total of 46.49 million shares valued N211.47 million exchanged by investors in 423 deals, while UBA exchanged 21.51 million shares worth N69.07 million in 214 deals.