The Nigerian equities market closed bearish on Thursday as decline in the stock price of FBHN, ZENITH and 18 others reversed previous day’s gains, dipping the market capitalization by N25 billion at the end of the day’s trading.
As a result, the All Share Index (ASI) and market capitalization decreased by 0.10%, while the Year-to-Date (Y-T-D) return stood at 3.56%.
Specifically, the ASI closed at 44,236.70 against the previous close of 44,283.02 while market capitalization stood at N24.095 trillion against previous close of N24.120 trillion.
However, volume traded increased by 38.45% from 155.407 million to 215.154 million, while the total value of stock traded also grew by 24.86% from N1.526 billion to N1.906 billion in 3,389 deals.
A further analysis of the trading activity chart showed that the Financial Services sector led the activity chart with 164.954 million shares exchanged for N1.305 billion followed by the Conglomerates sector with 16.144 million shares traded for N0.017 billion. The Consumer Goods, ICT, Oil And Gas sectors followed in that order on the activity chart.
The most active stocks by volume were ACCESSCORP, TRANSCORP, STERLNBANK, FIDELITYBK AND ZENITHBANK while UPDCREIT, TRANSEXPR, CHAMPION, JAPAULGOLD AND CUTIX emerged the highest price gainers.
On the flip side, PRESTIGE, CAVERTON, SUNUASSUR, UNILEVER AND MULTIVERSE topped the losers chart.
