Transactions on the Nigerian Stock Exchange (NSE) opened for the week on Monday in red as market indices, turnover and value traded dropped massively due to profit taking.
The News Agency of Nigeria (NAN) reports that the market capitalization, which opened at N13.678 trillion shed N162 billion or 1.18 per cent to close at N13.516 trillion.
In the same vein, the All-Share Index dipped 455.41 points or 1.18 per cent to close at 37,980.67 compared to 38,436.08 achieved on Friday.
NAN reports that Dangote Cement recorded the highest price loss, declining by N9.99 to close at N230.01 per share.
It was followed by International Breweries with N2.74 to close at N52.10, while Eterna Oil was down by 10k to close at N4.10 per share.
Also, the volume and value of shares transacted dipped by 78.96 per cent and 80.04 per cent respectively.
NAN reports that investors bought and sold 89.48 million shares worth N1.83 billion in 1,499 deals as against 425.26 million shares valued at N9.17 billion traded in 4,104 deals on Friday.
GT Bank drove the activity chart with 32.16 million shares worth N1.29 billion.
UBA came second with an account of 15.71 million shares valued at N158.79 million, while Transcorp traded 5.88 million shares worth N8.32 million.
FBN Holdings sold 3.54 million shares worth N31.07 million and Access Bank exchanged 3.26 million shares valued at N34.24 million.
