Nigerian Exchange Opens Week with N106bn Loss

On Monday, the Nigerian Exchange opened the week on a negative note, with domestic equities depreciating by N106 billion. The market capitalization of listed equities fell by 0.07 percent, settling at N156.517 trillion, down from N156.623 trillion the previous day.

The NGX All Share Index decreased by 164.55 basis points, closing at 242454.65 points compared to 242619.20 points recorded previously. Market breadth was negative, with 18 stocks advancing against 36 declining, bringing the year-to-date return to 55.82 percent.

TransExpress led the gainers with a 9.86 percent increase, closing at N3.12 per unit, while RTBriscoe topped the losers' chart with a 9.91 percent drop, closing at N10.45 per unit. Trading volume declined by 83 million shares, a 5.87 percent decrease, with a total of 1.330 billion shares traded.

The value of transactions also fell by 49.39 percent to N22.937 billion, with Lasaco Insurance leading market activities.