The nation’s equity market recorded on Thursday its third straight loss this week as the All Share Index (ASI) dipped 0.09 percent, closing at 32,423.57 points as against the previous day’s 32,454.03closing points.
Specifically, the market capitalisation also fell by 0.09 percent closing at N11.837 trillion, as against N11.848 trillion of the previous trading session implying a loss of N11 billion
However, the volume and value of traded stocks appreciated by 10.69 percent and 7.82 percent, to gross at 151 million units and N1.5 billion respectively.
Figures provided on the day’s trading trend by the Nigeria Stock Exchnage (NSE) indicated that at the close of trading, a total of 19 stocks closed positive, while 18 stocks depreciated in value, bringing the market breadth to a positive round off.
At the leading edge of the gainers’ chart is Cutix Plc whose stock’s closing price rose 10.00 percent above the previous close of N4.30, to settle at N4.73 per share, led other price percentage gainers.
Other gainers are, Sovereign Trust Insurance grew 9.09 percent, while A.G. Leventis and Cement Company of Northern Nigeria (CCNN) gained 8.11 percent and 7.76 percent of their share prices respectively.
Conversely, Niger Insurance Plc topped the losers’ table, shedding 9.68 percent of its share price, followed by NEIMETH and Royal Exchange both losing 9.23 percent and 9.09 percent respectively.
On the quantum of traded stocks, FCMB recorded the highest volume, trading about 28.9 million units of its shares in 202 deals, valued at N49.8 million compared to Guaranty Trust’s 18 million units in 123 deals, worth about N671 million.
