13 Stocks Collapse, Stock Market Loses N38 Billion

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At the close of trading on Monday, the Nigerian Exchange Limited’s equity market had lost N38 billion as the share prices of 13 companies fell.

The market capitalisation decreased to N26.767 trillion from N26.805 trillion as the NGX All-Share Index closed at 49,625.71 basis points on Monday compared to 49,695.12 on Friday.

Investors exchanged a total of 86.594 million shares worth N1.17 billion in 3 3,377 transactions by the close of trading on the NGX floor on Monday.

13 businesses had an increase in share prices, while 13 businesses saw share prices fall.

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