Stock investors lose N102bn

The Nigerian Exchange on Monday lost N102bn, underpinned by losses in First Bank of Nigeria Holdings, Seplat Energy and Transcorp.

The All-Share Index declined and market capitalisation by 0.18 per cent to settle at 99,118.86 basis points and N56.07tn, respectively.

The day’s trading saw a prevalence of bearish activity with the exchange witnessing more decliners (23) than gainers (17).

Last week, the stock market experienced a bullish trend, with investors gaining N954bn.

At the end of the week, the market capitalisation and the All-Share Index appreciated by 0.02 per cent to close at N56.17tn and 99,300 points, respectively.

On Monday, E-tranzact International led the losers’ chart, shedding 9.82 per cent to close at N5.05; Unity Bank lost 9.80 per cent to N1.38, and Jaiz Bank dipped by 9.65per per cent to close at N2.06.

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