Equities market shed N170bn

The Nigerian capital market on Thursday returned to negative performance, declining by N170 billion.

Market capitalisation of listed equities declined by 0.10 per cent to N161.669 trillion from N161.839 trillion recorded the previous day.

The NGX All Share Index also depreciated by 265.08 basis points to 525243.11 points against 252508.19 points reported on Wednesday.

The market breath was positive with 37 per cent against 27 per cent bringing the year on year return to 62.10 per cent.

An analysis of the investment showed that Fidson Health care led gainers table with 9.97 per cent to close at N124.60 per unit, AustinLaz followed with a gain of 9.95 per cent to close at N4.09 per cent, Berger Paint added 9.92 per cent to close at N154.00, Deap Capital gained 9.90 per cent to close at N5.77 per cent, Union Dicon up by 9.87 per cent to close at N21.70 per unit.

On the contrary,  RTBriscoe topped losers chart, dropping by 10 per cent to close at N15.30 per unit, Zichis Plc trailed with a loss of 9.99 per cent to close at 32.69 per unit, Redstarex went down by 9.86 per cent to close at N26.50 per unit, Meyer Paint sheds 9.83 per cent to close at N21.55 per unit, FTNCocoa dropped by 8.70 per cent to close at N10.08 per share.

Volume of trades declined by 644.00 million, representing 38.265 percent, as investors traded 1.038 billion against 1.683 billion recorded the previous day. The value of trades stood at N41.641 billion against N109.435 billion recorded the previous day , recording 61.95 per decline in 74822 deals.

Transactions in Chams Plc led market activities with 122.436 million shares cost N478.837 million, VFD group followed with account of 105 million shares valued at N1.150 billion, FirstHoldco traded 53.499 million shares worth N3.819 billion,. Tantalizer exchanged 37.220 million shares cost N163.899 million while Access Holdings Company traded 36.495 million shares worth N924.609 million.