The equity market experienced a decline on the first trading day of June with a loss of N1.8tr for investors

Investors in the Nigerian equity market lost N1.8 trillion at the close of trading on Monday to start June in bearish mode.

This follows the fall in share prices, including Bua Cement, Trans Express and John Holt on the stock exchange floor.

The benchmark All-Share Index (ASI) fell to 247,560.66 points from 250,385.47 points on the previous trading day.

After five hours of trading on the capital market, equity capitalization fell to N158.6 trillion from N160.5 trillion recorded by the exchange on Friday.

Market breadth was negative, with 24 stocks rising, 37 declining, and 85 stocks unchanged in 91,880 transactions.

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A total of 1,127,747,150 shares were traded worth N44.2 billion.

Intenegins, Consolidated Hallmark and TIP led the gainers chart, with share price growth of 9.96%, 9.92% and 9.86% respectively, closing at N4.97, N6.87 and N31.20 per share, up from N4.52, N6.25 and N28.40 per share.

Bua Cement, Trans Express and John Holt led other price declines, with falls of 10%, 9.85% and 9.73% respectively to close at N378.00, N4.76 and N15.30 per share, down from N1420.00, N5.28 and N16.95 per share respectively.

On the volume index, Abbey Mortgage Bank led trading with 291 million shares in 342 transactions, followed by Access Holding Co, which traded 130 million shares in 3,828 transactions.

Neimeth traded 77 million shares in 420 transactions.

On the value index, Aradel traded shares worth N6.3 billion in 3,471 transactions, followed by Zenith Bank, which traded equities worth N4.2 billion in 5,893 transactions.

GTCO traded shares worth N3.7 billion in 5,787 transactions.