The Nigerian stock market began trading for the week on Monday still in a negative mood with a 0.27 percent loss due to renewed profit-taking.
Specifically, the All-Share Index which opened for the week at 38,648.91 shed 103.61 points or 0.27 percent to close at 38,545.30.
Accordingly, month-to-date gain moderated to 0.3 percent, while year-to-date loss increased to 4.3 percent.
In the same vein, the market capitalization lost N54 billion or 0.27 percent to close at N20.089 trillion from N20.143 trillion achieved on Friday.
The market loss was driven by price depreciation in large and medium capitalized stocks, amongst which are Fidson Healthcare, Lasaco Assurance, Oando, Ecobank Transnational Incorporated and Dangote Sugar Refinery.
However, the market sentiment, as measured by market breadth, was positive with 18 gainers against 17 laggards.
Meyer drove the gainers’ table in percentage terms with 8.77 percent to close at 62k per share.
Champion Breweries trailed with 6.06 percent to close at N2.10, while Julius Berger improved by 4.71 percent to close at N20 per share.