Barely 24 hours after recovering from bearish trend, the Nigeria equities market dipped in capital value on Thursday as investors react to the spike in inflation, causing the All Share Index and the Market Capitalization to decrease by 0.07%.
Also, the market’s Year-to-Date return stood at 15.98%.
Information sourced on the performance of the bourse, indicated that the All Share Index closed at 49,540.48 against the previous close of 49,575.93 while market capitalization closed at N26.721 trillion against previous close of N26.740 trillion.
Similarly, the volume traded on the exchange decreased by 15.12% from 197.458 million to 167.608 million, while the total value of stock traded decreased by 57.09% from N2.939 billion to N1.261 billion in 3,457 deals.
A further analysis of the day’s trading showed that as was the case the previous day, the Financial Services sector led the activity chart with 95.887 million shares exchanged for N0.684 billion, the ICT sector came next with 41.81 million shares traded for N0.098 billion, Conglomerates, Consumer Goods, Services sectors followed in that order on the activity chart.
The most active stocks by volume were COURTVILLE, ACCESSCORP, FIDELITYBK, TRANSCORP AND CHIPLC.
The highest price gainers on the chart were SOVRENINS, CADBURY, COURTVILLE, ZENITHBANK AND UBA while UACN, UPDCREIT, VITAFOAM, UPDC AND CHIPLC topped the losers chart..
