The Nigerian Stock Exchange opens the week with a loss

13 Oct The Nigerian Stock Exchange opens the week with a loss

Profit-taking on some high cap stocks caused the Nigerian Stock Exchange’s benchmark index to shed 0.27 per cent on Monday.
The All-Share Index (ASI) closed the day trading at 28,337.49 basis points as against an opening mark of 28,415.31 basis points, while market capitalisation gains N40.7 billion to close at N14.811 trillion.
Accordingly, Month-to-Date (MtD) and Year-to-Date (YtD) gains both reduced to 5.6 per cent on losses recorded on BUA Cements and MTN Nigeria by 1.5 per cent and 0.4 per cent respectively.

Market sentiment, as measured by the market breadth, was negative as 16 stocks lost, relative to 13 gainers.
International Breweries and Mansard Insurance recorded the largest losses of the day, depreciating by 9.1 per cent and 5.7 per cent respectively, while Eterna Oil and Union Diagnostistics topped the gainers’ list, having appreciated by 9.9 per cent and 8.3 per cent respectively.