Nigerian Stock Market Experiences N51 Billion Loss on Monday



The Nigerian stock market started the week on a negative note, with investors losing N51 billion. The market capitalization declined by 0.08% to N64.252 trillion, while the All-Share Index dropped by 0.08% to 105,367.25.

Market Decliners

The market breadth was negative, with 33 losers and 25 gainers. The top decliners included:

- Lasaco Assurance (-10% to N3.24)
- Northern Nigeria Flour Mills (-9.99% to N41)
- X-Academy (-9.85% to N2.93)
- ABC Transport (-9.76% to N1.11)
- RT Briscoe (-9.73% to N2.32)
*Market Gainers*

Conversely, the top gainers included:

- CAP Plc (+10% to N41.80)
- Neimeth International Pharmaceutical (+9.96% to N2.87)
- Livestock Feeds (+9.90% to N5.55)
- Secure Electronic Technology Plc (+9.88% to 89k)
- International Energy Insurance (+8.33% to N2.21)

Market Activities

Trade turnover decreased by 58.10% compared to the previous session. A total of 505.8 million shares valued at N8.13 billion were exchanged in 14,255 deals. Tantalizers led the activity chart in volume with 48 million shares, while Guaranty Trust Holding Company (GTCO) led in value of deals worth N1.42 billion.

Year-to-Date Return

Despite the daily decline, the Year-To-Date (YTD) return advanced by 2.37%.

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