Nigerian Equities Market Opens Week in Red, Investors Lose N98 Billion

The Nigerian equities market started the week on a negative note, with investors losing N98 billion. The All-Share Index (ASI) dropped by 155.496 points to close at 155,645.05 points.

Stocks of companies like Deap Capital Management Trust and Champion, among others, experienced declines. Notable gainers included Aradel Holdings, NEM Insurance, and ASO Savings and Loans.

Trading activities saw a total of 39,972 deals with a trade value of N24.9 billion. Access Holdings PLC and Presco were among the companies with significant trading volumes.