Equities trading on the Nigerian Stock Exchange (NSE) on Thursday reversed previous day’s gains as market capitalisation depreciated N26 billion in contrast to N34 billion gained in previous session.
The market capitalization thus slid 0.30 percent to N8.671 trillion as against previous closing figure of N8.697 trillion.
Lead market indicator- The All Share Index (ASI); also declined by 0.30 percent. The ASI dropped 74.97 points from 25,130.26 points it started the day with to close at 25,055.29 basis points.
The price movement chart showed that Julius Berger, led the gainers’ table when it added 5.00 percent to close at N36.57 per share, followed by Neimeth which appreciated 4.55 percent to close at 69 kobo, FBN Holdings gained 4.38 percent to close at N3.34. Sterling Bank increased 4.29 percent to close at 73 kobo per share, while Eterna Oil grew 3.09 percent to close at N3.34 per share. Jaiz Bank, Livestock, Dangote Sugar, NEM and UBA also made it to the list of top ten gainers on Thursday following appreciation of 3.05, 2.56, 1.48, 1.27, and 1.04 percent respectively among others.
On the other hand UACN led the decliners’ table with a loss of 4.97 percent to close at N14.35, followed by Vitafoam, which shed 4.81 percent to close at N1.98, john Holt dropped 4.55 percent to close at 63 kobo, Mansard fell 4.40 percent to close at N1.52, while Nigerian Breweries went down by 3.81 percent to close at N113.02. Also on the losers chart were UAC- Prop, Fidelity Bank, Stanbic, Transcorp and Diamond Bank.. They shed 3.77, 3.57, 2.94, 1.28 and 1.16 percent respectively.
UBA emerged the most traded equity on Thursday with an exchange of 30.4 million shares worth N146.8 million. It was trailed by Guaranty Trust Bank having accounted for 23.6 million shares valued at N566.7 million. FCMB recorded the sale of 13.1 million shares worth N16.9 million; Zenith Bank exchanged 12.8 million shares valued at N191.7 million while United Capital traded 10.6 million shares worth N39.4 million.