Nigerian Stock Market Opens Week with N11bn Decline in Market Cap

The Nigerian stock market opened the week with a 0.01% decline in the major market benchmark, resulting in a loss of N11 billion in market capitalization. While some sectors like consumer goods and industrial goods experienced drops, the banking and insurance sectors saw gains.

Notable gainers included Champion Breweries and Neimeth International Pharmaceuticals, while industrial gas companies like Haldan McCall were among the losers. Overall, market sentiment remained positive with more stocks gaining ground than declining.