The equities market on the Nigerian Exchange Ltd. extended losses to Monday.
It shed N13.06 billion to close the market capitalisation at N26.614 trillion as against N26.628 trillion traded on Friday.
The negative performance was majorly driven by selloffs in banking stocks such as United Bank for Africa (UBA), Ecobank Transnational Incorporated (ETI) and Guaranty Trust Holding Company (GTCO).
Consequently, the All-Share Index closed 0.05 percent to close at 49,344.67 percent from 49,370.62 which it opened.
Also, the year-to-date (YTD) return fell to 15.52 percent.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 19.97 percent.
However, market breadth closed negative as 18 stocks were on the laggard’s chart while eight were on the gainer’s.
Courtville Business solutions led the gainers’ chart in percentage terms by 9.09 percent to close at 48k per share.
Honeywell Flour Mill followed with a gain of 8.68 percent to close at N2.63, while Mutual Benefits Assurance rose by eight percent to close at 27k per share.
MEN Insurance also went up by 4.71 percent each to close at N4 per share.
