Nigerian Equities Market Opens Week in Red, Investors Lose N1.1 Trillion

The Nigerian equities market, represented by the NGX, started the week on a negative note as investors incurred losses amounting to N1.1 trillion. Stocks of companies such as Enamel Ware, Dangote Cement, and Transcorp witnessed a dip in share prices.

Notable gainers included Sovereign Insurance, NCR Nigeria, and Tantal. Market breadth was positive with 28 stocks advancing, 24 declining, and 94 remaining unchanged.

Trading activities saw a total of 28,492 deals with a trade value of N31.1 billion.