The bear dominated transactions in the Nigerian equities market on Thursday with drop in shares of SEPLAT and 27 other stocks.
The Exchange recorded a negative close for a second time this week as the All-Share Index of listed equities depreciated by 1,167.97 basis points, representing a 1.2% decline to close at 97.064.42 points lower than Wednesday’s 98.232.39 points
The market capitalization dipped further by N671 billion or 1.2% to close N55.776 trillion compared to the N56.l447 trillion of the previous day.
Thursday’s market sentiment when measured by the market breath remained negative with 23 stocks on the gainer as against 28 losers.
On price movement, Seplat led the gainers chart with a 10% profit on its share price to close at N4,513.40k.
Livestock followed with a 9.93% gain on its share price to close at N2.99k; while REGALINS gained 9.76% to close at N0.90k per share.
Conversely, SUNUASSUR led the losers table with a drop of 2.94% to close at N1.65k per share.
Omatek followed with a 2.78% loss in its share price to close at N0.70k then; Redstarex share price dropped by 2.56% to close at N3.80k.
The trading session ended with a total of 268.39 million units of shares that exchanged hands in 8,565 deals.
Olusola Akintonde
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