Investors in the Nigerian equities market lost N472 billion at the close of trading on Monday, signalling a bearish streak.
This arose from the slump in the share prices of stocks such as Linkage Assurance, RT Briscoe, and NAHCO, among others, on the trading floor.
The benchmark All-Share Index (ASI) slumped to 148,781.9 points from the 149,524.81 points recorded the previous day.
After five hours of trading at the capital market, the equity capitalisation decreased to N94.5 trillion from N94.9 trillion posted by the bourse on Friday.
The market breadth was negative with 13 stocks advancing, 40 stocks declining, and 93 stocks remaining unchanged in 32,564 deals.
An aggregate of 364,351,785 units of shares was traded, valued at N11.3 billion.
Aso Savings and Loans, Deap Capital Management & Trust, and Cornerstone Insurance led the gainers with 10%, 9.83%, and 8.70% growth in share prices, respectively, to close at N0.99, N1.90, and N6.00 per share, up from the previous N0.90, N1.73, and N5.52 per share.
Linkage Assurance, RT Briscoe, and NAHCO led other price decliners with a 10%, 10% and 9.95% dip each in share price to close at N1.62, N3.06, and N95.00 per share, down from the previous N1.80, N3.40, and N105.50 per share
On the volume index, Access Holding Plc led trading with 22 million shares in 1,529 deals, followed by Zenith Bank Plc, which traded 21 million shares in 1,740 deals.
Chams Plc traded 17 million shares in 547 deals.
On the value index, Dangote Cement traded stocks valued at N2.1 billion in 842 deals, followed by Zenith Bank Plc, which traded equities worth N1.3 billion in 1, 740 deals.
WAPCO traded shares valued at N1 billion in 490.