The values market of the Nigerian Exchange Limited lost N153.15bn toward the end of trading on Monday.
Breaking down by sectors, the NGX Banking and Industrial Goods files rose by 0.4 percent and 0.3 percent separately while the NGX Consumer Goods, Insurance and Oil and Gas files declined by 2.5 percent, 1.7 percent and 0.3 percent individually.
The market sentiment, as estimated by market expansiveness, was negative as 21 firms saw losses compared with 19 gainers.
May and Baker Nigeria Plc recorded the highest loss on Monday as its share price dropped by 8.02 percent to N4.36. Imperial Exchange Plc followed, as it fell by 7.81 percent to N0.59 per share.
Other significant washouts were NPF Microfinance Bank Plc (7.57 percent), FBN Holdings (7.48 percent) and Mutual Benefits Assurance Plc (6.67 percent).
It was followed by Ikeja Hotel Plc, which rose by 9.52 percent to close at N1.15 per share. Custodian Investment Plc, Honeywell Flour Mills Plc, and Chams Plc likewise saw gains of 7.53 percent, 6.48 percent and 4.55 percent separately.
Analysts at Atlas Portfolios Limited are reported to have expressed that the Nigerian value market ended the four back to back upturns as the market execution pointers shed 0.71 percent each. The decrease was affected by benefit taking in FBN Holdings, NESTLE Nigeria Plc, MTN Nigeria Plc, among others.
