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Losses in 30 stocks trading on the floor of the Nigerian Exchange Group Limited, NGX led to further drop on key market index at close of business on Thursday.
READ ALSO: NGX resumes week bearish, drops by 1.24%
The All-Share Index of listed equities declined by 64.58 basis points, representing a 0.09 percent drop to close at 68,271.14 compared to 68,335.72 recorded on Wednesday.
This 0.09 percent drop extended the bearish sentiment that started at Exchange’s midweek trading session for a second day as investors lost N35 billion on market capitalisation to closed at N37.365 trillion low than the N37.400 trillion of the previous day.
On activity level, Thursday trading session however, reflected an increase in value and volume of equities to close at N5.82 billion with 1123.85 million unit of shares with exchanging hands in 7,949 deals.
Also the shares of Universal Insurance Plc OANDO, ACCESSCORP, UBA and CHAMS accounted for the highest trade in terms of volume and value respectively.
At the end of the day’s transactions, 20 stocks made the gainers list relative to 30 losers.
JOHN HOLT led the gainers table with a 9.55 percent gain on its share price to close at N1.72k, followed by OMATEK and DAARCOMM with a 9.52 percent profit on their respective share prices to close at N0.46k and N0.23k; then MBENEFIT recorded a 9.30 percent gain on its share price to close at N0.47k.
OANDO on the other hand led the losers list with a 9.93 percent loss on its share price to close at N13.15k. LASACO followed with a 9.73 percent drop on its share to close at N1.86k while CHAMS shares dropped by 9.59 percent to close at N1.32k.
