Nigeria’s equities market opened the new trading week slightly in the red zone (-0.04percent) as investors expectedly take profit on some counters that gained in the past weeks.
As buy-side activities failed to match that of the sell-side on the Nigerian Bourse, equities investors booked about N10billion loss.
The record loss on Monday August 16 has pushed this year’s negative return to a new high of -1.89percent.
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Stocks like ABC Transport Plc (-8.33percent), LASACO (-6.67percent), Livestock Feeds (-4.81percent), Fidelity Bank (-4.80 percent) and Champion Breweries (-4.55 percent) were topmost on the offer table.
The Nigerian Exchange Limited (NGX) All-Share Index and Market Capitalisation depreciated from week-open lows of 39,522.34 points and N20.592 trillion to 39,505.4 points and N20.582trillion.
Investors in 3,393 deals exchanged 141,282,273 shares valued at N1.635billion. E-Tranzact, Fidelity Bank, Transnational Corporation, CHI Plc and Access Bank were most traded stocks Monday on the NGX.
