Last updated on August 25, 2023
After three consecutive days of gains this week, the Nigerian equities market ended on a negative note on Thursday. The all-share index experienced a 0.14% decline to close at 65,401.82 points, lower than the 65,492.81 points recorded on Wednesday.
The market capitalisation also depreciated by N50 billion, closing at N35.794 trillion. Market sentiment remained in the negative territory, with 39 losers compared to 19 gainers by the end of the day’s trading.
At the top of the gainers chart for the day was Dangote Sugar Refinery, with a 10% price gain and a closing price of N44.00k. It was followed by National Salt Company, which also gained 10% in price, closing at N40.70k. Transcorp Nigeria recorded a 10% gain as well, closing at N5.28k.
On the other hand, FTN Cocoa Processors lost 9.95% and closed at N1.81k, followed by Red Star Express with a 9.93% loss and a closing price of N2.63k. Learn Africa also experienced a 9.88% loss, closing at N3.65k.
Transcorp Nigeria, for the third time this week, recorded the highest trading volume with 144 million shares. It was followed by Sterling Bank with 63.3 million shares and Access Holdings with 54.7 million shares.
Thursday’s trading session witnessed a total of 583.08 million shares with a market value of N12.9 billion traded in 6,968 deals.
