The Nigerian equities market resumed trading for the week on Monday still on a negative trend with the market indices nosediving by 1.05 per cent.
The downtrend was impacted by losses recorded in large and medium capitalised stocks, amongst which are; Nestle Nigeria, MTN Nigeria, Lafarge Africa, Guaranty Trust Bank and FBN Holdings. Nestle led the losers’ chart in percentage terms, dropping by 10 per cent, to close at N1,242 per share. Conversely, Sovereign Trust Insurance led the gainers’ table in percentage terms, increasing by 10 per cent, to close at 22k per share.
In the same vein, the total volume of shares traded declined by 34.14 per cent with an exchange of 200.16 million shares worth N1.92 billion exchanged in 3,487 deals.
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