Bears return, domestic equities sheds N67bn

Transactions on the floor of Nigerian Exchange (NGX) Thursday closed in a bearish, declining by N67 billion as a result of losses by small and medium stocks.

 

The NGX All Share Index also depreciated by 123.28 basis points to 101239.10 points from 101362.38 traded on Wednesday.

 

As a result year to date return stood at 35.39 per cent as the NGX printed 28 losers as against 20 gainers at the close of trading Thursday.

 

An analysis of the investment showed that Omatek and SUNU Assurance led gainers table with 10 per cent each to close at N0.77 and N2.09 per share respectively.

 

Juli Pharmaceutical gained 9.79 per cent to close at N2.13 per unit, Caverton Business Solutions added 9.52 per cent to close at N1.84 per share NEM Insurance up by 9.09 per cent to close at N6.60 per unit.

 

On the contrary, Daar Communication topped losers chart, dropping by 10 per cent to close at N0.72 per share, Wema Bank trailed with a loss of 9.93 per cent to close at N7.80 per unit, PZ dipped by 9.89 per cent to close at N24.60 per share, Academy Press fell by 9.84 per cent to close at N1.74 per share, Morison declined by 9.76 per cent to close at N1.85 per unit.

 

Volume of activities decreased by 49.742 million, representing 16.43 per cent as investors traded 252.997 million shares valued at N4.944 billion against 302.739 million shares worth N6.552 billion in 8611 deals.

 

Transactions in the shares of FBNHoldings led market activities with 31.857 million shares valued at N917.272 million, United Bank for Africa followed with account of 22.281 million shares worth N533.240 million, AccessCorp traded 14.489 million shares cost N312.144 million, Prestige insurance exchanged 13.591 million shares cost N5.031 million while Zenith Bank traded 12.539 million shares worth N447.675 million.

 

 

 

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