Equities transaction on the floor of the Nigerian Exchange Group Limited, NGX reversed it rising profile as major indices witnessed a downturn at close of business on Thursday.
The depreciation came after three consecutive days of upturn at the exchange which was impacted by gains recorded in medium and large capitalised stocks, amongst such as BUA Cement, Ecobank TransNational Incorporated (ETI), NASCON Allied Industries, Nigerian Exchange (NGX) and Champion Breweries.
The market capitalisation of listed equities dropped by N33 billion to close at N26.343 trillion lower than the N26.376 recorded on Wednesday.
Also, the NGX All-Share Index declined by 61.35 basis points , representing a decrease of 0.12 percent to close at 48,365.14 compared to the 48, 426.49 of the previous day.
At the end of the day’s business, a total volume of 148.157 million units of shares had exchanged hands in 3,391 deals.
The market sentiment, as measured by market breadth, was positive as 16 stocks gained, relative to 11 decliners.
CHAMS recorded the highest price gain of 9.09 percent to close at N0.24k per share. RTBRISCOE followed with a gain of 7.69 percent to close at N0.28, while PZ rose by 5.50 percent to close at N11.50, per share.
On the other hand, CAP HOTEL led the losers’ chart with a 9.80 percent loss on its share price to close at N2.76k followed by Honeywell Flour Mills which had a 9.09 percent loss to close at N2.20k and Wapic had an 8.11 percent loss to close at N0.34k.
Olusola Akintonde
