Transactions resumed on the Nigerian Exchange Ltd. (NGX) on a negative posture with the market indices declining by 3.15 percent due to selloffs.
Specifically, the market capitalisation which opened at N57.849 trillion, shed N1.82 trillion, or 3.15 percent, to close at N56.028 trillion.
Similarly, the All-Share Index(ASI) also dropped by 3.15 per cent or 3,330 points to settle at 102,393.23, compared to 105,722.78 achieved on Friday.
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Analysis of the market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 7.58 per cent.
Meanwhile, 273.85 million shares valued at N7.44 billion were exchanged in 9,688 deals, compared to 342.52 million shares worth N8.05 billion in 8,395 deals on Friday.
The market breadth closed negative with 36 declining stocks and 16 that appreciated.
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