Equity market down 0.15%, sheds N84bn

Trading activities on the floor of Nigerian Exchange (NGX) on Thursday closed southward declining by N84 billion as loss recorded in the shares of AccessCorp, GTCO Plc, Cadbury Nigeria Plc, Nigerian Breweries, Zenith, Guinness wipe out gain in the shares of Caverton, Chams, Seplat, C&I Leasing among others

Market capitalisation of listed equities down by 0.15 per cent to N55.424 trillion from N55.708 trillion traded on Wednesday.

The NGX All Share Index also depreciated by 149.98 basis points to 97978.02 points from 98128.00 reported the previous day.

Consequently, year to date return declined to 31.03 per cent as NGX printed 28 losers and 17 gainers.

The NGX trading result showed that C&I Leasing led gainers table with 9.90 per cent to close at N3.44 per share, Caverton Business Solutions followed with a gain of 7.69 per cent to close at N1.40 per unit, Chams Plc gained 7.14 per cent to close at N1.50 per unit, Conhall Plc added 6.15 per cent to close at N1.38 per share, Veritas Kapital increased by 5.36 per cent to close at N0.59 per unit.

Conversely, Skyways Aviation topped losers’ chart, dropping 9.80 per cent to close at N20.70 per share, NEM Insurance trailed with a loss of 9.47 per cent to close at N7.65 per unit, FTNCocoa down by 9.35 per cent to close at N1.26 per share, Tantalizer fell by 9.26 per cent to close at N0.49 per unit, Japaul Gold dipped by 8.42 per cent to close at N1.74 per share.

Volume of transactions increased by 44.745 million, representing 16.47 per cent as investors traded 316.453 million worth N7.699 billion in 7852 deals against 271.708 million shares valued at N5.434 billion in 7383 deals.

Transactions in the shares of United Bank for Africa led market activities with 50.316 million shares valued at N984.475 million, GTCO Plc followed with account of 38.543 million shares valued at N1.427 billion, Zenith Bank traded 28.942 million shares cost N878.760 million Transnational Corporation of Nigeria exchanged 21.644 million shares cost N225.984 million while Julius Berger traded 17.644 million shares valued at N146.483 million.