Newscenter Media News The Nigerian equities market continued its bearish sentiment on Thursday as investors lost N5 billion at the close of the day’s trading.
This followed the dip in the share prices of stocks like Daar Communication, Livestock, and Sunu Assurance amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization crashed to N56.013 trillion from N56.019 trillion recorded by the bourse on Wednesday.
The benchmark All-Share Index (ASI) dropped to 97,477.19 from 97,487.14 recorded the previous day.
The market breadth was positive as 23 stocks advanced and 22 stocks declined, while 72 stocks remained unchanged in 7,091 deals.
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REGALINS, CAVERTON and ROYALEX led other gainers with 10%, 9.73%, and 8.70% growth each in share prices to close at N0.66, N2.48, and N0.75 from the previous N0.60, N2.26, and N0.69 per share.
On the flip side, Daar Communication, Livestock, Sunu Assurance led other price decliners as they shed 10%, 9.88%, and 9.71% each to close at N0.63, N3.10 and N1.58 from the initial N0.70, N3.10, and N1.75 per share.
On the volume index, FIDELITY BANK led trading with 43 million shares in 190 deals followed by UBA which traded 30 million shares in 722 deals.
ZENITH BANK traded 25 million shares valued in 306 deals.
On the value index, ZENITH BANK recorded the highest value for the day trading stocks worth N956 million in 306 deals followed by UBA which traded equities worth N820 million in 722 deals.
FIDELITY BANK traded shares valued at N644 million in 109 deals.
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