Nigerian Stock Market Loses N160 on Monday

• Nigerian Stock Market Loses N160 on Monday

The Nigerian Stock Exchange (NSE) loss N160 billion on Monday following weeks of positive run.

The NSE All-Share Index declined by 1.08 percent to close at 28,533.40 basis points, while the market value of listed equities dropped from N14.86 trillion recorded on Friday to N14.70 trillion on Monday.

Activity level on the bourse was low as both volume and value traded declined by 29.9 percent and 25.3 percent to 251.59 million units and N3.15 billion, respectively.

Zenith bank led the most traded stocks by volume with 47.5 million units. Followed by Guaranty Trust Bank Plc, 35.8 million units and First City Monument Bank Plc, 23.5 million units.

While GTBank led the most traded equities by value with N1.1 billion, Zenith Bank N952.9 million and MTN Nigeria Communications Plc N159.7 million.

All indices closed in the red except the AFR-ICT index that closed flat.