The Nigerian fairness market prolonged loses on Thursday, because the capital market closed on a adverse observe, making the market capitalisation to face at N27.28 trillion.

The market shed N6.83 billion, representing 0.03 per cent compared with N28.29 trillion recorded on Wednesday.

The adverse efficiency was pushed by continued sell-offs of shares of BUA Cement, Dangote Sugar, Transcorp and Constancy Financial institution amongst others.

Equally, All-Share Index (ASI) closed 0.03 per cent decrease at 50,582.30 factors from 50,594.97 factors posted on the earlier buying and selling.

Consequently, the year-to-date (YTD) return fell to 18.41 per cent.

Market breadth closed optimistic at as 24 shares superior and 16 declined.

The present market capitalisation of the Nigerian Inventory Alternate is N27.3 trillion.

A complete of 130.45 million shares valued at N1.62 billion have been exchanged in 3,993 offers.

PZ Cussons Nigeria led the gainers with 10 per cent share value appreciation closing at N9.35 per share.

Honeywell Flour Mill adopted by 9.64 per cent to shut at N2.73 per share, whereas Stanbic IBTC Holdings rose by 9.15 per cent to shut at N31.

Wapic Insurance coverage went up by 8.11 per cent to shut at 40k per share and Sovereign Insurance coverage elevated by eight per cent to shut at 27k per share.

Nonetheless, Multiverse Mining & Exploration led the losers by 10 per cent at N1.71 per share.

The following, which is Lasaco Assurance, declined by 7.07 per cent to shut at 92k, whereas FTN Cocoa Processors misplaced by 6.25 per cent to shut at 30k per share.

BUA Cement depreciated by 4.51 per cent to shut at N58.25 per share.

Additionally, Unity Financial institution declined by 4.44 per cent to shut at 43k per share.

Evaluation of at this time’s market actions confirmed commerce turnover declined in comparison with the earlier session, with the worth of transactions lowering by 61.08 per cent.

A complete of 130.45 million shares value N1.622 million in 3,993 offers.

Aiico Insurance coverage recorded the best quantity of 16.3 million traded shares value N9.38 million, adopted by Transcorp with 11.2 million shares bought at N12.92 million.

Entry Holdings traded 9.74 million shares value N87.63 million.

Consolidated Hallmark Insurance coverage transacted 7.49 million shares valued N4.65 million, whereas Japaul Gold bought 6.89 million shares value N2.14 million.

AIICO led the amount chart with 16.32 million shares, whereas MTNN led the worth chart in offers value N403.58 million. (NAN)

The publish Equity market sheds N6bn, index drops 0.03% appeared first on The Sun Nigeria.

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