The domestic bourse reversed its previous session’s gain on Monday, recording a loss of N404 billion or 0.72 per cent for equity market investors.
The market’s decline was primarily driven by losses in major stocks, including BUA Cement and Tier-one banks such as Zenith Bank and Guaranty Trust Holding Company, GTCO.
Specifically, the Nigerian Exchange Ltd., NGX market capitalisation closed at N55.574 trillion, down from its opening value of N55.978 trillion.
The All-Share Index also decreased by 0.72 per cent, shedding 711.2 points to close at 97,880.94, compared to 98,592.12 recorded on Friday.
As a result, the Year-To-Date, YTD return dropped to 30.90 per cent.
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