Nigerian stock market begins week negatively as investors record N81bn in losses

The Nigerian banal marketplace on Monday began the week successful bearish territory arsenic investors recorded an N81 cardinal loss. 

This comes arsenic Nigerian Exchange Limited marketplace capitalization declined by 0.05 percent, oregon N81 billion, on Monday, from N160.443 trillion to N160.362 trillion.

Similarly, the All-Share Index fell from 250,330.92 to 250,204.83, shedding 126.09 points, oregon 0.05 percent.

Year-to-date instrumentality decreased to 60.79 percent, portion marketplace breadth closed antagonistic with 36 losers and 33 gainers.

NCR Nigeria and Zichis Agro-Allied Industries led the losers’ illustration by 9.99 percent each, settling astatine N161.20 and N26.49 per share, respectively.

Industrial and Medical Gases declined 9.93 percent to N38.10, portion Sovereign Trust Insurance dipped 9.86 percent to N2.65.

Daar Communications shed 9.78 percent, settling astatine N2.03 per share.

On the gainers chart, Oando and University Press led by 10 percent each, closing astatine N51.70 and N5.50 per share, respectively.

Following that, Deap Capital Management gained 9.96 percent, May and Baker roseate 9.94 percent, and Trans-Nationwide Express was up 9.92 percent, finishing astatine N5.96, N52, and N7.76.

Meanwhile, NCR Nigeria, Zichis Agro Allied Industries, Industrial and Medical Gases, Sovereign Trust Insurance, and Daar Communications...