The Nigerian Exchange Ltd. (NGX) on Monday closed on a negative note as market indicators drop by 0.07 per cent, following losses by some highly and medium capitalised stocks.
The drivers of the negative performance include stocks of Presco, Dangote Sugar, Access Bank Holding, among others.
The All-Share Index declined by 6.74 points or 0.07 per cent to close at 49, 657.33 against 49,664.07 on Friday.
In the same vein, the market capitalisation which opened at N26.787 trillion shed N19 billion or 0.07per cent to close at N26.768 trillion.
Also market breath closed negative as 19 losers were recorded against 12 gainers.
Presco recorded the highest loss to lead the laggards’ chart, dropping by 9.97 per cent to close at N142.60 per share.
Multiverse Mining and Exploration trailed with a loss of 7.79 per cent to close at N2.25 per cent, while Flour Mills Nigeria dipped by 6.63 per cent to close at N30.30 per share.
Ikeja Hotel depreciated by 5.51 per cent to close at N1.20, while Dangote Sugar shed 4.19 per cent to close at N16 per share.
On the other hand, Neimeith International led the gainers’ table, gaining by 9.29 per cent to close at N1.53 per share.
Unity Bank for Africa(UBA) followed with a gain of 4.56 per cent to close at 45k, while First City Monument Bank (FCMB) appreciated by 4.18 per cent to close at N3.49 per share.
Zenith Bank grew by 2.12 per cent to close at N21.70, while Transcorp increased by 0.93per cent to close at N1.08 per share.
E-tranzact was the most active stock during the day, trading 52.6 million shares worth N119.84 million.
FBN Holdings followed with an account of 23.1 million shares valued at N249.78 million, while United Bank for Africa sold 21.9 million shares worth N153.48 million.
