Nigerian Stock Market Resumes Bearish Trend on Monday

• Nigerian Stock Market Resumes Bearish Trend on Monday

The Nigerian Stock Exchange (NSE) resumed bearish trend on Monday despite closing with 3.25 percent gain last week.

The market capitalisation of listed equities declined by N51.7 billion to close at N13.5 trillion, while the All-Share Index dipped by 0.39 percent to 27,691.85 on Monday.

A total of 21 stocks closed in the red, against 19 stocks that closed in the green.

Activity level decreased as volume and value traded declined by 53.4 percent and 24.6 percent to 158.3 million shares and N2.3 billion, respectively.

Transcorp led the most traded stocks by volume with 31.8 million shares.

Followed by Zenith Bank Plc, 18.7 million shares; and UBA, 17.9 million shares.

While Nestle Nigeria Plc, GTBank and Zenith Bank led by value with, N552.1 million, N372.2 million and N348.4 million, respectively.