Market capitalisation sheds N150bn as 24 stocks fall

Trading floor, Nigerian Stock Exchange

Equity trading on the floor of the Nigerian Stock Exchange closed negative on Thursday with the market capitalisation of the listed equities declining by N150bn or 1.12 per cent to close at N13.237tn.

Similarly, the NSE All-Share Index fell, shedding 1.12 per cent or 467.84 basis points to close at 41,363.05 basis points, compared to an appreciation of 0.06 per cent or 24.16 basis points, which helped it to close at 41,839.89 basis points the previous day.

In the same vein, the NSE 30 Index was down by 0.77 per cent or 14.73 basis points to close at 1,896.30 basis points.

The NSE Insurance Index and NSE Consumer Goods Index fell by 0.42 per cent and 0.47 per cent to close at 153.23 basis points and 1,086.56 points, respectively, while the NSE Lotus Islamic Index declined by 1.53 per cent to close at 2,870.61 basis points.

The NSE Industrial Index recorded the worst sectoral performance for the day, falling by 2.74 per cent or 72.86 basis points to close at 2,589.70 points.

However, the NSE Banking Index and NSE Oil and Gas Index rose by 0.80 per cent and 4.70 per cent to close at 436.20 basis points and 323.86 basis points, respectively.

The banking index was the top sectoral performer for Thursday with the NSE ASeM Index closing flat at 963.02 basis points.

After investors traded 322.280 million shares worth N3.249bn in 5,509 deals, a total of 32 stocks recorded price appreciation, while 24 other stocks recorded price depreciation.

Oando Plc led the price gainers chart, rising by 10.19 per cent or N2.21 to close at N23.89 per share. Mobil Plc followed on the chart with a gain of 4.99 per cent or N5.58 to close at N117.30 per share, while UBA Capital Plc rose by 4.98 per cent or 10 kobo to close at N2.11 per share.

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Market capitalisation sheds N150bn as 24 stocks fall