It was another day of loss on the Nigerian equities market on Thursday as equity stock prices declined further by N26 billion to close trading at N28,402 trillion compared to N28,428 trillion on Wednesday.
The all share index also dropped by 0.09 % to close at 52,161.24 basis points being 47.82 points lower than Wednesday’s 52,209.06 points.
Wednesday’s trading saw a total of 477.37 million shares valued at N5.24 billion traded in 5,539 shares while the market recorded 22 gainers and 20 losers at the end of the day’s trading.
For the second day, Ardova led the gainers with 10% price gain to close at N24.20,followed by NCR Nigeria with 9.87% gain to close at N2.56k then Multiverse Mining & Exploration also appreciated by 9.87% to close at N4.12k.
Conversely, FCMB Group rocked the bottom spot on the losers chart with a price depreciation of 5.66% to close at N4.00 and was followed by Access Holdings with 3.77% loss and a closing price of N10.20k while Sterling Bank lost 3.53% to close at N1.64k.
Despite its losses, Access Holdings recorded the highest volume of 169 million traded shares, followed by United Bank for Africa with 102 million shares.
Confidence Okwuchi
