NSE: Market sheds N39.908 Billion, all the IndIcators closing red as trading began on monday

Trading on the floor of the Nigerian Stock Exchange, NSE, began on Monday with a N39.908 Billion loss and  all the market indices closing in the negative.

The Equity Capitalization declined to N20.541 Trillion on Monday, from N20.578 trillion at the close of business on Friday. This was a N39.908 Billion fall.

Other indicators, the All Share Index, Volume, Value, and the total deals closed red.

The All Share Index points went down to 39,411.07 points on Monday, a 0.44 % fall from 39.481.89 points at the close of trading on Friday.

The volume of stocks that were transacted stood at 213.981 Million, a reduction from 219.541 Million shares traded previously.

Similarly, the value of the traded stock declined to N1.884 Billion from N2.918 Billion traded on Friday, with the total number of deals falling to 2,888 from 4, 265 at close on the previous day.

The market sentiments measured by breadth was however positive as 22 gainers were recorded against 19 decliners.

Zenith Bank equity was the investors delight, trading over 52 .676 million shares, which was  valued at N1.246 billion in 538 deals. Guaranty Trust Bank followed without 266 deals valued at N234.153 million.

On the turn- over chat Zenith bank was also on top recording N1.246 Billion worth of shares traded, with Dangote Sugar and MTN Nigeria following with N368.8 million and N313.91 million respectively.

The top gainer was Eterna petroleum having a 9.85% rise in share price from N6.6 at the close of trading on Friday to N7.25 on Monday.

Other top gainers were Royal Exchange plc, Capital hotels Plc and Regency Alliance Insurance Plc, with 7 kobo, 2 naira and 3 kobo rise in their share prices.

On the other hand, the top losers were Nigerian enamelware, Africa prudential Plc, NPF Micro Finance Bank  and Wema Bank leading the topping the chat.