NSE Investors Lose N181.1bn on Monday

• NSE Investors Lose N181.1bn on Monday

The Nigerian Stock Exchange opened the week in the red as investors lost a total of N181.08 billion on Monday.

The market capitalisation of listed stocks declined by 1.27 percent or N181.1 billion from N14.278 trillion to close at N14.097 trillion.

Also, the NSE All-Share Index declined by 1.27 percent from 27,388.62 recorded on Friday to close at 27,041.03 basis points on Monday.

A total of 33 stocks closed in the red while only 5 stocks emerged gainers.

Julius Berger, Zenith bank, GTBank, Nigerian Breweries, BUA Cement, First Bank Holdings and Cadbury recorded losses.

However, Law Union Insurance led top gainers with 9.59 percent profit to close at N0.8, followed by Linkage Assurance which gained 4.65 percent to close at N0.45. May & Baker, Sterling Bank and Vita form gained 2.75 percent, 2.74 percent and 0.22 percent to close at N1.87, N1.5 and N4.51, respectively.

Top losers were BOC Gases, Glaxo Smith Kline and NCR Plc that sank 10 percent to close at N4.05, N4.5 and N2.43 respectively. Skyway Aviation Handling trailed them closely with a 9.92 decline to close at N2.36 while Red Star Express dipped by 9.89 to close at N4.01.