Transactions on the floor of the Nigeria Exchange Group Limited, NGX took a downward trend at the close of Thursday’s trade, reversing the three-day positive trajectory recorded in the market this week.
The Nigerian Equities Market has been on the green lines as the bull continued to dominate trading activities for the past three days but losses in medium and large cap stocks led to a drop in the All-Share Index by 0.5%, representing a 234.6 basis points to close at 44,859.78 on Thursday lower than the 44,625.18 recorded on Wednesday
Consequently, the market capitalisation of listed equities decreased by N127 billion to close at N24.306 trillion compared to N24.433 trillion of the previous day.
At the end of trading session a total volume of 150.973 million units of shares exchanged hands in 2,998 deals.
The market sentiment when measured by market breadth saw 12 equities making it to gainers list with 9 on the losers list
REGALINS led the gainers chart with an 8.70% gain on its share price to close at N0.25k followed by SOVRENINS with an 8 percent gain on its share price to close at N0.27k. Then JAPAUL GOLD had a 7.41% price gain to close at N0.29k.
On the flipside, Pharm Deko led the losers chart with a 9.76 percent loss on its share price to close at N1.85k followed by LINKAGE Assurance Plc which had a 9.30% to close at N0.39k and WAPIC lost 8.33% to close at N0.33k.
Mercy Chukwudiebere
