Due to sell-offs in medium- and large-capitalized equities on Monday, investors at the Nigerian Exchange Ltd. (NGX) stock market suffered a loss of N16 billion.
The market cap decreased by N16 billion to N29.899 trillion at the closing from N29.915 trillion at the previous trading.
When looking at individual industries, the NGX banking index increased by 1.3%, and the NGX industrial products index increased by 0.1%. Moreover, the NGX consumer goods index declined by 0.4%, the insurance index fell by 0.5%, and the NGX oil and gas index finished flat.
Market sentiment also indicated a good market breadth, with 19 stocks rising contrasted to 14 declining ones. Access Holdings experienced the largest price increase, rising 7.14% to settle at N9 per share. University Press increased by 5.53 percent to settle at N2.10 per share, while Cutix gained 5.69 percent to close at N2.23.
