The Nigerian equity market on Monday closed the market in the red as investors began to take profits to increase capital gains.
Key market indicators, the NSE ASI declined by 0.16 per cent as market breadth closed negative with 22 gainers against 26 losers.
Consequently, the All-Share Index dropped by 51.3 basis points or 0.16 per cent from 30,530.69 index points last Friday’s trading session to 30,479.39.
The market capitalisation of equities depreciated by N26bn to close at N15.93tn from N15.96tn.
On the activity chart, premium sub-sector dominated in volume terms with 127.96 million shares exchanged in 1,713 deals.
The sub sector was enhanced by the activities in the shares of Zenith Bank Plc and UBA Plc.
The banking sub-sector boosted by the activities on the shares of Fidelity Plc and Sterling Bank Plc followed with 111.67 million units traded in 1,939 deals.
In all, investors exchanged a total of 376.65 million shares exchanged in 6,050 deals.
Further analysis of the day’s trading showed that Livestock Feeds Nigeria Plc led the gainers chart with 9.88 per cent to close at 89 kobo per share while Dangote Sugar Plc followed with 9.78 per cent to close at N15.15 per share.
NPF MFB Plc recorded a gain of 9.68 per cent to close at N1.7 per share.
On the flip side, C and I Leasing Plc led the losers’ chart with a drop of 10 per cent to close at N3.96 per share.
FCMB Plc followed with a loss of 9.90 per cent to close at N2.82 per share while ETI Plc dropped by 8.85 per cent to close at N5.15 per share.