The Nigerian Exchange’s All-Share Index fell by 0.76% to close at 70,042.28 points on Thursday, halting past days of bullish run in the capital market.
Following the bearish trend, investors lost N297 billion at the end of the trading session as the market capitalization dipped to N38.481 trillion.
Analysts attributed the depreciation in the NGX value to profit-taking by investors, especially on the blue-chip stocks barely 24 hours after the market surged to 70,000 points for the first time ever.
An analysis of the market’s data indicated that in the day under review it recorded 8,396 deals, up from the 7,444 deals it recorded on Wednesday, However, there was a 12.7% decline in the volume of traded stocks, which dropped to 525.457 million shares compared to the 601.7 million traded yesterday.
The NGX, in its data on the capital market’s trading indicated that in terms of value, the market traded N6.09 billion, as against yesterday’s N11.02 billion
According to the data, the top ASI gainers comprised OMATEK, +10.00% to close at N0.55; ACADEMY, +9.83% to close at N1.90; PRESTIGE, which gained +9.76% to close at N0.45; TANTALIZER, +9.76% to close at N0.45; and ABCTRANS, which appreciated by +8.86% to close at N0.79.
Conversely, the top losers during the trading session were CHAMS, which depreciated by -9.84% to close at N2.20; INTBREW, dipped-8.79% in value to close at N4.15; RTBRISCOE, also declined in value by -8.51% to close at N0.43; THOMASWY also depreciated by -8.42% to close at N3.70 while FBNH recorded -8.14% loss to close at N18.05
