Despite assurances from the Securities and Exchange Commission (SEC) and the management of the Nigerian Stock Exchange (NSE), activity on the NSE reversed again at the opening of transactions on Monday with the performance indicators slipping by 1.6 per cent each.

The market capitalisation of all listed equities lost N87 billion to close at N5506 trillion down from the previous N5.593 trillion fuelled by losses in share prices of 54 companies.

In the same vein, the all-share index nose-dived by 362.77 basis points from 23,846.03 points to close at 22,863.51 points.

UACN led on the losers table with N1.99 decrease to close at N39.91 per share. NBC, Flourmill trailed behind with N1.42 and N1.41 loss to close at N27.08 and N36.60 per share.

Alumaco followed, dropping 0.92 to close at N17.50 per share

On the other hand, Unilever, led the pack of other gainers with N1.00 to close at N25.00 per share. Dangote Flour Plc followed with N0.61 increase to close at N12.98 per share.

Ashakacement gained N0.34 to close at N15.30;Presco chalked N0.21 to close at N4.78, while NB Plc that was the last on the top five gainers chart added N0.20 to close at N57.20 per share.

The banking sub-sector dominated activity on the sectoral chart, trading 109.3 million shares valued at N684.7 million exchanged by investors in 3,234 deals.