…investors book N528bn loss
Stocks of Nigeria’s listed banks as well as that of industrial and oil & gas counters were mostly offered by profit takers on Monday (the first trading day in September) at the Nigerian Exchange Limited (NGX).
These stocks contributed majorly to the market’s record dip by 0.41 percent or N528billion at the close of trading on Monday, which further moderated the year’s positive return to 35.75 percent.
Though all NGX sectoral indices closed in red, NGX Banking recorded the highest dip by 1.12 percent, followed by NGX Industrial (-0.85 percent), and NGX Oil & Gas (-0.45 percent).
Eterna Plc, Ellah Lakes, and Chams were major draggers on the Bourse despite rally seen in stocks like SCOA, Cornerstone Insurance and Guinea Insurance.
In 33,859 deals, securities traders exchanged 407,975,403 shares valued at N14.776billion.
At the close of trading, the Nigerian Exchange Limited (NGX) All Share Index (ASI) and equities market capitalisation decreased from preceding trading day’s highs of 140,557.24 points and N88.934 trillion to 139,722.19 points and N88.406 trillion.
