The inventory market skilled a bearish delivery to the month, shedding N235 billion in designate amid cautious investor sentiment precipitated by ongoing nationwide relate.
Namely, market capitalisation reduced to N55.278 trillion from an opening of N55.513 trillion, having shed N235 billion or 0.42 per cent from traders’ portfolios.
The All-Share Index also declined by 0.42 per cent or 415 facets to 97,359.76, in distinction to 97,774.22 posted on Wednesday.
The basic decliners that led the market’s downward trend had been FBN Holdings, MTN Nigeria, Dangote Sugar, Oando, Transnational Company, FCMB Neighborhood, among others.
No matter the downturn, market breadth, on the other hand, closed optimistic with 22 gainers and 19 losers.
On the gainers’ table, United Capital led by 9.95 per cent to terminate at N11.05, Africa Prudential and Cutix Plc trailed carefully by 9.94 per cent every to terminate at N9.40 and N5.64 per piece, respectively.
Tantalizers gained 9.52 per cent to terminate at 46k and UPDC Genuine Estate Investment Have confidence developed by 8.Ninety nine per cent to terminate at N4.85 per piece.
Conversely, Mecure led the losers’ table by 9.94 per cent to terminate at N8.15, Thomas Wyatt adopted by 9.74 per cent to terminate at N1.76 per piece.
Wapic Insurance coverage misplaced 8.24 per cent to terminate at 78k, Oando shed eight per cent to terminate at N23, and Dangote Sugar dropped 7.67 per cent to terminate at N34.30 per piece.
Prognosis of the market actions indicated trade turnover settled bigger relative to the outdated session, with the payment of transactions down by 63.09 per cent.
A whole of 565.12 million shares valued at N8.53 billion had been exchanged in 6,821 offers, against 1.84 billion shares valued at N23.11billion in 10,847 offers traded in the outdated session.
In the meantime, Constancy Monetary institution led the exercise table when it comes to volume and designate with 372.91 million shares payment N3.94 billion, United Monetary institution For Africa(UBA) adopted with 23.03 million shares payment N458.09.
Zenith Monetary institution transacted 19.24 million shares valued at N651.44 million, Oando Plc equipped 19.04 million shares payment N445.43 million and Access Company traded 15.76 million shares valued at N289.55 million.
