After three consecutive days of gains this week, market indices on the Nigerian equities market closed negative on Thursday, as the all-share index shed 0.14% to close at 65,401.82 points, lower than the 65,492.81 points recorded on Wednesday.
The market capitalisation also depreciated by N50 billion to close at N35,794 trillion while the market sentiment remained in the negative territory with 39 losers relative to 19 gainers at the end of the day’s trading.
On top of the gainers chart for the day was Dangote Sugar Refinery with 10% price gain and a closing price of N44.00k. It was followed by National Salt Company with 10% price gain as well and a closing price of N40.70k and Transcorp Nigeria also gained 10% to close at N5.28k.
Conversely, FTN Cocoa Processors lost 9.95% to close at N1.81k, followed by Red Star Express with 9.93% loss with a closing price of N2.63k then Learn Africa lost 9.88% to close at N3.65k.
For the third time this week, Transcorp Nigeria recorded the highest volume of 144 million share, and was followed by Sterling Bank with 63.3 million shares and Access Holdings had 54.7 million shares.
Thursday’s trading saw a total of 583.08 million shares with market value of N12.9 billion traded in 6,968 deals.
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