On the first trading day of the week, The Nigerian Exchange Limited lost seven billion naira, ending a six-day market rally.
The market capitalization decreased to N30.387 trillion, or a 0.02 percent decline, while the NGX All-Share Index declined by 0.03 percent to close at 55,806.71. Additionally, the year-to-date returns decreased from 8.92% on Friday to 8.89% on Monday.
At the close of trading, 52,491,100 units of Geregu Power shares worth N16.365 billion were traded, placing it at the top of both the value and volume charts. Zenith Bank traded shares worth N 800.619m next, and Access Holdings traded shares worth N 573.551m after that.
The NGX floor saw 7,221 deals for a total of 369,779,627 million units of shares worth N 19,841 billion. Four out of the five sectoral boards closed in the green, signaling positive performance for the majority of subsectors. The NGX Banking, NGX Insurance, NGX Consumer Goods, and NGX Oil and Gas indices all saw increases of 0.27 percent, 1.31 percent, 0.06 percent, and 2.55 percent, respectively. The NGX Industrial Index did, however, moderate by 0.01 percent.
Omatek and NEM were among the winners, with their share prices rising by 10% to close at N0.22 and N5.50, respectively. Eterna increased by 9.73 percent to close trading at N10.15, while Conoil and MRS Oil shares increased by 9.94 percent to close at N76.85 and N54.20, respectively.
The top five losers on Monday were John Holt, which saw its share price fall by 9.95% to close at N1.72, Courtville, which saw its share price drop by 9.80% to close at N0.46, Chams, which saw its share price drop by 9.76% to close at N0.37, Wapic, which saw its share price drop by 8.70% to close at N0.42, and Academy, which saw its share price drop by 7.89% to close trading at N1.75.