The market capitalisation of listed equities at the Nigerian Exchange Group Limited, NGX encountered another decline on Thursday, extending the downward trend of the previous day.
Investors witnessed a loss of N37 billion on the market capitalisation, representing a 0.12% decline to close at N30,468 trillion compared to the N30.505 trillion recorded on Wednesday.
Similarly, the All-Share Index depreciated by 67.93 basis points, representing a 0.12% drop to close at 55,956.59 as against the 56,024.52 points of the previous day.
At the close of the Thursday’s trading session, 42 stocks made it the gainers list relative to 13 stocks on the losers list.
Profit-taking in the activities of ETRANZACT, JAPAUL Gold, PRESTIGE, NSL TECH, SOVRENINS and Unity Bank shares gained 10% each on their respective prices to close at N4.84k, N0.44k, N0.44k, N0.33k, N0.44k and N0.66.
MRS followed with a 9.96% gain on its share price to close at N59.60k while CORNERST had a 9.90% profit on its share price to close at N1.11k.
On the flipside, JOHN HOLT led the decliners table with a 9.68% loss on its share price to close at N1.40k, followed by CAVERTON with a 7.14% drop on its share price to close at N1.30k while WAPIC shares dropped by 6.52% to close at N0.43k.
The market sentiment was however positive in terms of deals, volume and value by recording a 7.98%, 33.74% and 17.52% increase to close at 6,061, 531.78 million shares worth N7.68 billion.
Confidence Okwuchi
