Equities market resumed the week in red territory as the Nigerian Stock Exchange All-Share Index moderated by 0.08 per cent to close at 40,154.09 points, amid negative investors’ sentiment.
Similarly, investors lost N17.06bn as the market capitalisation dropped by 0.08 per cent to close at N21.01tn.
Hence, the year-to-date loss of the ASI further moved into the negative zone of -0.29 per cent.
At the close of Monday’s trading, the domestic bourse recorded 25 gainers against 20 losers.
Sell pressure persisted as share prices of Lafarge Africa, Unilever Nigeria, Fidelity Bank, and UAC of Nigeria declined by eight per cent, 2.51 per cent, 3.23 per cent and 0.62 per cent, respectively.
Also, the sectoral performance was weak as three out of the five indices tracked closed in the red.
The insurance, consumer goods and industrial indices fell by 0.13 per cent, 0.08 per cent, and 0.55 per cent, while on the positive side, the banking and oil and gas indices rose by 0.10 per cent and 0.08 per cent.
Meanwhile, trading activity was mixed.
While total deals rose by 12.75 per cent to 4,953 and the total value of deals increased by 23.01 per cent and closed at N3.57bn, the volume of stocks fell by 5.99 per cent to 289.33 million units.
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