Equity transactions on the Nigerian Stock Exchange (NSE) resumed for the week on Monday on a bearish trend as the market capitalisation depreciated by N28 billion or 0.30 per cent.
The drop is as a result of price loss recorded by some major stocks.
Market capitalisation closed lower at N9.399 trillion from the N9.427 trillion recorded on Friday.
Also, the All-Share Index, which opened at 27,450.91, dropped by 82.5 points to close at 27,368.41.
Nigeria Breweries led the losers’ chart by N1.7 to close at N138.27 per share.
GT Bank followed, depreciating by 34k to close at N25.95, while NAHCO lost 17k to close at N3.23 and NASCCON and Afriprud dipped by 1k each to close at N7.9 and N2.65 per share respectively.
On the other hand, 7UP led the gainers’ chart by N3.98 to close at N116.98 per share.
Champion gained 9k to close at N2.7, while NPFMCRFBK, Dangote Flour and Honey Flour grew by 4k each to close at N99k, N3.9 and N1.4 per share respectively.
The Financial Service Sector remained the delight of investors as FBN Holdings emerged as the most traded stock, accounting for 11.66 million shares worth N34.95 million.
FCMB followed with an exchanged 8.83 million shares valued at N9.31 million, while Zenith Bank sold 7.84 million shares worth N119.96 million.
Diamond Bank traded 7.62 million shares valued at N8.19 million, while UBA transacted 7.19 million shares worth N31.97 million.
In all, the volume of shares traded decreased by 70.01 per cent as investors exchanged a total of 83.83 million shares worth N711.12 million in 2,279 deals.
This was against the 279.56 million shares valued at N3.70 billion traded in 3,255 deals on Friday.
The stock market has remained the white washed following the downturn in the economy, caused by cash flow strap.