Investors at the Nigerian Foreign Exchange Limited (NGX) lost N9.87 billion by the end of trading on Thursday.
The NGX All-Share Index dipped by 0.04% to close at 49,691.17 basis points as against 0.10% gain recorded to close at 49,709.46 basis points at the end of the previous trading session. In Naira terms, the NGX Market CAP records N9.87bn gain.
Courteville recorded a loss of 9.80 per cent to sell at 46 Kobo, SCOA Nigeria declined by 9.79 per cent to N1.75, Skyway Aviation fell by 9.73 per cent to N5.10, Regency Assurance went down by 8.00 per cent to 23 Kobo, while Honeywell Flour dropped 5.36 per cent to trade at N2.65.
Conversely, Prestige Assurance gained 9.09 per cent to sell for 48 Kobo, Sovereign Trust Insurance appreciated by 8.00 per cent to 27 Kobo, Lasaco Assurance grew by 6.48 per cent to N1.15, Unity Bank rose by 4.65 per cent to 45 Kobo, while Academy Press increased by 2.40 per cent to N2.13.
When the market closed for the day by 2:30 pm, a total of 16 stocks ended on the losers’ chart, while 10 stocks were on the gainers’ log, indicating a negative market breadth and a weak investor sentiment.
In terms of the performance of the key sectors, the industrial goods counter depreciated by 4.83 per cent, the consumer goods space fell by 0.29 per cent, while the energy index declined by 0.27 per cent. Yesterday, the banking sector appreciated by 0.60 per cent, while the insurance sector improved by 0.24 per cent.
FBN Holdings was the most traded stock during the session, selling 28.4 million units worth N303.2 million, with Zenith Bank trading 16.7 million units valued at N361.7 million. UBA exchanged 11.2 million units for N78.2 million, Cornerstone Insurance traded 11.1 million units valued at N7.4 million, while Union Bank transacted 5.7 million units worth N36.5 million.
A total of 128.8 million shares worth N4.1 million were traded in 3,492 deals on Wednesday compared with the 204.2 million shares worth N1.6 billion transacted in 3,643 deals on Tuesday, showing an increase in the trading value by 151.45 per cent and a decrease in the trading volume and the number of deals by 36.92 per cent and 4.14 per cent respectively.
