The fairness market closed on a unfavourable notice on Thursday, because the market capitalisation dropped by N36 billion or 0.06 per cent.
Particularly, the market capitalisation closed at N59.476 trillion in comparison with the opening worth of N59.512 trillion.
Equally, the All-Share Index, ASI, declined by 61 factors or 0.06 per cent, ending the day at 98,114.11, down from 98,174.99 recorded on Wednesday.
Consequently, the Yr-to-Date, YTD, return fell to 31.21 per cent.
The downturn was primarily pushed by losses in key shares, together with Zenith Financial institution, Entry Company, FBN Holdings and Aradel Holdings.
Market breadth, despite the general bearish pattern, closed constructive with 35 gainers outperforming 16 losers on the ground of the Alternate.
Cornerstone Insurance coverage and UPL led the gainers’ desk by 10 per cent every to shut at N3.30 and N3.36 per share respectively,whereas Purple Star Specific Ltd. led the losers’ desk by 10 per cent to shut at N4.41 per share.
Evaluation of the market actions confirmed commerce turnover settled decrease relative to the earlier session, with the worth of transactions down by 35.58 per cent.
A complete of 723 million shares valued at N12.84 billion have been exchanged in 8,495 offers, in contrast with 521.92 million shares valued at N19.93 billion traded in 9,420 offers posted within the earlier session.
Champion Breweries led the exercise chart in quantity with 300.93 million shares, whereas Warranty Belief Holding Firm, GTCO, led the chart in worth of offers value N2.12 billion.NAN
