Victor EzejaAfter closing trading on Friday, 2nd August, on a positive note, the Nigerian stock market opened the new week on red.
The Nigerian Exchange Limited (NGX) All-Share Index and equities market capitalisation increased by 0.40 per cent at the close of trading on Friday.
Join our WhatsApp ChannelIt however, recorded a decrease on Monday, 5th August by 0.17 per cent.
While the NGX All-Share Index (ASI) dropped from 97,745.73 points last week to 97,582.41 points, equities market capitalisation decreased from N55.497 trillion to N55.404 trillion.
Shares of Zenith Bank, UBA, Veritas Kapital, Oando and Access Holdings were actively traded on the Nigerian Exchange platform as investors exchanged 324,019,567 shares worth N6.217 billion in 9,738 deals.
The top five losers include MayBaker, University Press Plc, Chams Holding company OMATEK ventures Plc. and Initiates Plc.
READ ALSO: NGX ASI Falls 0.31% As United Capital, Nestle Among Top Equity Losers
May & Baker dropped the most, from N7.04 to N6.50, after losing 54 kobo or 7.67percent. It was followed by that of Chams which decreased from N2.20 to N1.98, after losing 22 kobo or 10 percent, while University Press decreased from N2.42 to N2.18, losing 24 kobo or 9.92 percent.
On the top gainers’ table are International Breweries Plc, with share price increasing from N4.20 to N 4.62 (0.42 10.00 per cent increase); PRESCO PLC, increased to N441.00 to N485.10 (44.10 10.00%); SOVEREIGN TRUST INSURANCE PLC (SOVRENINS) rise from N0.50 N0.55 (0.05 10.00%);
OANDO increased from N25.30 to N27.80 (2.50 9.88%); United Capital had its shares price increase N12.15 to N13.35 (1.20 9.88%).
Victor Ezeja is a passionate journalist with six years of experience writing on economy, politics and energy. He holds a Masters degree in Mass Communication.
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