Activities on the trading floor of the Nigerian Exchange Ltd. (NGX) maintained a bearish trend on Monday with the market indicators depreciating further by 0.13 per cent.

Specifically, the market capitalization dropped by N37.01 billion or 0.13 per cent to close at N28.525 trillion against N28.562 trillion on Friday.

Also read: NGX: Market capitalisation dips by N159bn

Also, the All-Share Index declined by 28.45 points or 0.13 per cent to close at 52, 911.51 compared with 52,979.96 achieved on Friday.

A breakdown of the price movement chart shows that Conoil recorded the highest gain to lead the gainers’ chart with 9.95 per cent to close at N34.25 per share.

MRS Oil trailed with 9.93 per cent to close at N14.95 while McNichols Consolidated Plc rose by 9.86 per cent to close at N2.34 per share.

Academy Press also rose by 9.76 per cent to close at N1.35, while NPF Microfinance Bank inched up by 8.02 per cent to close at N2.02 per share.

On the other hand, Presco led the losers’ chart, dropping by 10 per cent to close at N6l180 per share.

Global Spectrum Energy Services Plc lost by 9.97 per cent to close at N3.07, while Neimeth dipped by 9.66 per cent to close at N1.59 per share.

UACN dropped by 8.33 per cent to close at N13.20, while NEM Insurance dipped by 7.74 per cent to close at N4.05 per share.

In all, a total of 436.57 million shares valued at N3.22 billion were exchanged by investors in 4,716 deals.

This was in contrast with a turnover of 173.75 million shares worth N2.13 billion traded in 3,646 deals on Friday.

Jaiz Bank was the toast of investors, accounting for 114.01 million shares valued at N101.75 billion.

Guaranty Trust Holding Company (GTCo) came second with 12.87 million shares worth N302.84 million, while Transcorp sold 12.81 million shares valued at N16.73 million.

AccessCorp accounted for 11.66 million shares worth N115.66 million, while Zenith Bank transacted 10.77 million shares valued at N207.02 million.

In another development, the Naira on Monday, exchanged at 420.23 to the dollar at the Investors and Exporters window, compared to 419.02 traded on Friday, representing 0.31 per cent depreciation.

The open indicative rate closed at N418.54 to the dollar on Monday.

An exchange rate of N444.00 to the dollar was the highest rate recorded within the day’s trading before it settled at N420.23.

The Naira sold for as low as 413 to the dollar within the day’s trading.

A total of 75.25 million dollars was traded in foreign exchange at the official Investors and Exporters window on Monday.