Domestic equities shed N3bn
The local equity market on Thursday recorded negative performance, dropping by N3 billion as profit taking activities persisted during the day.
Market capitalisation of listed equities declined marginally by 0.002 per cent to N129.806 trillion reported the previous day.
The NGX All Share Index also depreciated by 4.66 basis points to 201698.89 points from 201703.55 points reported the previous day.
The market breath was positive with 33 advancers against 24 losers but loses recorded in the shares of Nigerian Breweries, Chams , VFD group and others pull the market downward as the year to date return to stand at 29.62 per cent.
An analysis of the investment showed that Unilever Nigeria Plc led gainers table with 10 per cent to close at N10340.00, FTGInsurance followed with a gain of 9.82 per cent to close at N1.23 per unit, Multiverse added 9.81 per cent to close at N20.15 per unit, Legend Internet increased by 9.38 per cent to close at N6.30 per unit, Zichis Agro Allied industries up by 9.02 per cent to close at N14.14 per unit.
On the contrary, JohnHolt topped losers chart, dropping by 9.91 per cent to close at N15.45 per unit, Abbey Building Society trailed with a loss of 9.60 per cent to close at N9.9.85 per unit, International General Insurance dipped by 6.48 per cent to close at N3.32 per unit, Chams Plc dipped by 5.30 per cent to close at N3.75 per unit, Tantalizer down by 5.18 per cent to close at N4.03 per unit.
Volume of trades also went down by 255.499, representing 31.33 per cent as investors traded 559.980 million shares against 815.479 million reported the previous day. The Value of transaction dipped by 42.14 per cent to settle at N19.260 billion.
Transactions in the shares of NSLTech led market activities with 59.691 million shares valued at N61.128 million, Wema Bank followed with account of 51.965 million shares cost N1.358 billion, VFD group traded 36.030 million shares worth N410.444 million, Access Holdings Company exchanged 35.245 million shares cost N914.833 million while Chams Plc traded 30.992 million shares cost N115.029 million.
