Nigerian Stock Exchange investors totalled N80.44 billion in losses on Monday as stocks reversed a nine-day uptrend.
On Monday, the NGX All-Share index declined by 0.38% to 40,714 index points from 40,868.36 index points on Friday, while the stock market capitalization fell from N21.30 trillion to N21.22 trillion.
Trading volume by investors plummeted by 42.3% to 91.31 million shares worth N2.58 billion in 4,395 deals, compared to 331.06 million shares worth N2.92 billion in 3,986 deals on Friday.
NGX Industrials and Consumer Goods fell by 0.58% and 1.0%, respectively, while Banks and Insurances gained 0.75% and 0.95%. On the NGX Oil and Gas index, nothing changed
According to the market breadth indicator, 18 tickers appreciated against 17 losers.
Top 5 gainers
NEM Insurance Plc led the chart with a 9.95% soared in its share price to close at N2.10 per share. Following closely behind was Champion Breweries Plc, where shares rose 9.52% to N2.30
Ecobank Transnational Incorporated gained 9.52%, Royal Exchange Plc surged by 8.77%, and Lafarge Africa Plc propelled high by 4.93%.
Top 5 losers
As the top loser of the day, Sovereign Trust Insurance Plc ended at N0.22 per share, down 8.33%.
The closing price of Nigerian Breweries Plc was N46.50 per share, down by 6.06%. The share prices of AIICO Insurance Plc, University Press Plc and Universal Insurance Plc fell by 5.26 per cent, 5.06% and 4.55%, respectively.