Investors lost N274 billion on the market as Nigerian Exchange Limited performance indices continued their downward trend.
This comes as NGX market capitalization dipped by 0.40 percent.
The market capitalization dropped by N274 billion to N68.621 trillion on Thursday from N68.895 trillion on Wednesday.
Similarly, the All-Share Index declined by 435.01 points, or 0.40 percent, closing at 109,183.02 from the previous 109,618.03.
This bearish trend was driven by falling share prices in Chellaram, May & Baker, Linkage Assurance, Omatek, McNicholas, and 29 other listed firms.
Market breadth also ended negative, with 34 stocks losing value while only 23 recorded gains by the session’s close.
On the losers’ table, Chellaram dropped 9.96 percent to close at N11.75, while May & Baker also fell 9.96 percent, finishing at N11.75 per share.
Linkage Assurance declined by 9.88 percent to N1.46, and Omatek shed 8.82 percent, closing at 62k per share.
McNicholas also lost 8.70 percent, ending Thursday’s session at N2.10 per share.
On the gainers table, Union Homes Real Estate Investment rose 9.97 percent to N50.75, and Red Star Express increased 9.91 percent to N6.10.
RTBriscoe gained 9.57 percent to close at N2.29, while Sovereign Trust rose 9.38 percent, finishing at N1.05 per share.
Custodian Insurance recorded a 9 percent increase, ending the session at N21.80 per share.
Accordingly, a total of 1.65 billion shares worth N19.098 billion were traded in 26,176 transactions. This compares to 664.16 million shares worth N12.996 billion exchanged in 19,439 deals previously.
Royal Exchange led the activity chart, with 903.59 million shares traded, valued at N903.11 million.
Fidelity Bank followed, with 137.41 million shares exchanged, worth N2.42 billion in total value as Ja Paul Gold recorded 81.68 million shares worth N164.26 million during the session.
Similarly, United Bank for Africa traded 60.78 million shares valued at N2.078 billion, while Tantalizer rounded off the chart, with 43.499 million shares traded, worth N111.52 million.
Recall that on Wednesday, investors lost N70 billion in market capitalization.
Investors lose N70bn in NGX
