Investors in the Nigerian equities market lost N220 billion at the close of trading on Monday.
This followed the dip in the share prices of stocks, McNichols Plc, Ikeja Hotels Plc, and FTN Cocoa, among others, on the trading floor.
The benchmark All-Share Index (ASI) dropped to 141,498.44 points from 141,845.34 points recorded the previous day.
After five hours of trading at the capital market, the equity capitalisation crashed to N89.5 trillion from N89.7 trillion posted by the bourse on Friday.
The market breadth was negative with 22 stocks advancing, 28 stocks declining, and 97 stocks remaining unchanged in 28,621 deals.
Royal Exchange Assurance Plc, Secure Electronic Technology, and Chams Plc led other gainers with 9.80%, 6.67% and 6.13% growth each in share prices to close at N2.24, N0.80, and N3.29 from the previous N2.04, N0.75, and N3.10 per share.
McNichols Plc, Ikeja Hotels Plc, and FTN Cocoa led other price decliners with a 10% 9.80%, and 8.33% dip in share price to close at N3.33, N20.70, and N5.50 per share, down from the previous N3.70, N22.95, and N6.00 per share.
On the volume index, Universal Insurance Plc led trading with 79 million shares in 184 deals, followed by Zenith Bank Plc which traded 58 million shares in 1,503 deals.
Nigerian Breweries Plc traded 32 million shares in 587 deals.
On the value index, Zenith Bank Plc traded stocks valued at N3.8 billion in 1, 503 deals, followed by Nigerian Breweries Plc, which traded equities worth N2.4 billion in 587 deals.
Guaranty Trust Holding traded shares valued at N1.7 billion in 1, 168 deals.