The Domestic stock market witnessed a downturn at the end of Thursday’s trading session as profit-taking activity continued on the floor of the Nigeria Exchange Group Limited.
This led to a decline in major indices at the Exchange as the All-Share Index, ASI of listed equities depreciated by 67.15 basis points representing a 0.12 % drop to close at 54, 359.90 points lower than the 54,427.05 of the previous day.
The sum of N56.57 billion was lost on market capitalisation to settle at N29.608 trillion on Thursday compared to Wednesday’s N29.644 trillion.
The NGX recorded gainers 16 and 17 decliners at the close of the trading session.
At the end of the day’s business, the market witnessed profit-taking on NNFM, REDSTAREX and TRANSEXPR shares as their respective prices increased 9.74%, 9.49% and 9.46%.
On the flipside, GLAXOSIMTH, CORNERST and VERITASKAP shares dropped by 7.91%, 4.76% and 4.76% on their respective prices.
Meanwhile, trading activity inched up with total deals, volume, value increasing by 10.52%, 46.84%, and 67.69%, respectively, to 3,281 trades, 222.58 million units, and N3.04 billion.
In terms of volume, Universal Insurance Plc maintained the position of the most active stock for a second day, with 71.80 million shares worth N14.362million changing hands in 76 deals.
Confidence Okwuchi
