By JOY ADARA, Abuja –
Nigerian stock market opened the week on a negative note, with key performance indices dipping marginally by 0.01% on Monday. The market capitalization fell by N11 billion, dropping from N75.962 trillion to N75.951 trillion.
The All-Share Index declined by 17.19 points, closing at 119,978.57.
This dip was attributed to sustained profit-taking in LearnAfrica, Julius Berger, Cileasing, and 28 other stocks. LearnAfrica dropped by 10% to end at N4.59 per share, while Julius Berger declined by 9.97% to close at N112.00 per share.
Despite the overall bearish trend, some stocks bucked the trend, with Computer Warehouse Group leading gainers, rising by 10% to close at N12.65 per share. Caverton Offshore Support Group followed, increasing by 9.96% to settle at N5.74 per share.
A total of 2.03 billion shares worth N44.34 billion were traded in 25,172 transactions, representing a significant rise from Friday’s trading activity. Royal Exchange topped the activity chart with 502.26 million shares traded, valued at N502.45 billion.
