THE Nigerian Equities market recorded a negative as major market indices dropped marginally by 0.02 per cent.
The Nigerian Stock Exchange All Share Index (NSE ASI) closed on Monday as a previous close of 36,939.59 basis points dropped by 0.02 per cent to 36,938.83bps.
Market capitalisation similarly closed lower at N12.843 from N12.846 even though market breadth closed bullish with a count of 23 gainers as against 20 losers.
The Banking and Industry Index recorded positive daily changes, ASEM remained unchanged, and all other sector performance indicators shed points with the insurance sector experiencing the greatest loss amongst them.
Trade volume increased by 29.21 per cent to close at 467 million from a previous close of 361 million, while the recorded value of trades shares stood at N2.9 billion from a previous close of N3.68 billion, showing a 21.17 per cent drop.
The volume-based chart was topped by Jaiz Bank, FBN Holdings, Transnational Corporation, Africa Insurance and Diamond Bank, while Nigerian Breweries, GTBank, FBN Holdings, Zenith Bank and Guinness Nigeria topped the value-based chart.
Market watchers at APT Securities, however advised investors to set viable margins in positioning as such a disciplined tactic would limit losses in the case of any.