Domestic equities remain bearish, shed N144 bn

The local equities market sustained declined profile, shedding N144 billion.

Market capitalisation of listed equities depreciated by 0.10 per cent to N160.852 trillion against N160.708 trillion reported the previous day.

The NGX All Share Index also declined by 222.61 basis points to 247513.63 points from 247736.24 recorded the previous day.

Although the market breath was positive with 24 gainers against 21 decliners, loses in some major stocks weigh down on the trading during the day, bringing year to date return lower to 59.04 per cent.

An analysis of the trading showed that Etranzact led gainers table, gaining 9.96 per cent to close at N14.35 per unit, Wapic Insurance followed with a gain of 7.83 per cent to close at N2.48 per share, Daar Communications added 7.25 per cent to close at N1.48 per unit, Chams Plc gained 5.88 per cent to close at N3.60 per share.

On the contrary, Legend Internet topped losers chart, dropping by 6.85 per cent to close at N3.40 per share, Omatek trailed by 6.43 per cent to close at N1.31 per unit, NSL Tech declined by 5.71 per cent to close at N0.66 per unit, Mutual Benefits dipped by 5.49 per cent to close at N3.10 per unit, AIICO Insurance shed 4.39 per cent to close at N3.92 per unit.

Volume of trades went down by 18.94 basis points, representing 4.67 per cent as investors traded 386.450 million shares against 405.390 million recorded the previous day. Value of shares traded up by 5.94 per cent to settle at N21.050 billion in 38538 deals

Trading in the shares of Access Holdings Company led market activities with 57.019 million shares valued at N1.609 billion, LiveStock Feed followed with account of 48.027 million shares worth N3.127 billion, UBA exchanged 22.415 million shares cost N979.979 million while Zenith Bank traded 16.665 million shares cost N2.135 billion.