The equities market of the Nigerian Exchange Limited declined by N30bn at the end of trading on Monday as 18 firms saw their share prices fall.

The NGX All-Share Index closed at 49,991.41 basis points on Monday from 50,045.83 on Friday, while the market capitalisation fell to N26.964tn from N26.994tn.

A total of 200.92 million shares valued at N1.45bn were traded by investors in 3,976 deals at the end of trading on the floor of the NGX on Monday.

Twelve companies recorded share price appreciation while 18 firms’ share prices declined.

According to analysts at Cordros Securities “Activities in the domestic equities market resumed the week on a sour note, as investors took profits off WAPCO (-4.2 per cent), Zenith Bank (-2.3 per cent), and Stanbic (-3.0 per cent).

Source: PUNCH

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