The bear dominated transactions on the floor of the Nigeria Exchange Group Limited, NGX for the second trading day of the week.
NGX benchmark index dropped further by 0.10 percent, to close at 51,339 on Thursday from 51,390.25 recorded on Wednesday while the market capitalisation to close at N27, 69 trillion lower than N27, 71 trillion of the previous day.
At the end of the trading session, a total volume of 115.41 million units of shares valued at N1.205 billon exchanged hands in 3,731 deals.
The market sentiment when measured by market breadth was positive with 14 gainers and 12 losers.
Academy Press led the gainers chart with a 9.66% gain on its share price to close at N2.27k followed by Regency Alliance Insurance Plc with an 8% gain on its share price to close at N0.27k. Then CWG Plc had a 7.95 % price gain to close at N0.95k.
On the flipside, Champion Breweries Plc led the losers list with an 8.74% loss on its share price to close at N3.55k followed by Ikeja Hotel which had 7.69% to close at N1.2k and International Breweries lost 5.17% to close at N5.5k.
Transcorp Nigeria recorded the highest volume of 11.8 million traded shares for the day and was followed by International Breweries with 7.6 million shares.
Mercy Chukwudiebere
