Trading activities on the floor of Nigerian Exchange (NGX) Thursday returned to bearish run, shedding N296 billion as depreciation in the share price of MTN Nigeria, and other 27 companies weigh down the market.
Market capitalisation of listed equities declined by 0.76 per cent to N38.481 trillion from N38.777 trillion reported on Wednesday.
The NGX All Share Index also depreciated by 539.48 basis points to 70042.28 points from 70581.76 points it closed the previous day.
The NGX trading result showed that Omatek led gainers table during the day with a gain of 10 per cent to close at N0.55 per share, Academy Press followed with a gain of 9.83 per cent to close at N1.90 per share, Tantalizer and Prestige insurance added 9.76 per cent each to close at N0.45 and N0.45 per share respectively.
Daar Communication increased by 8.70 per cent to close at N0.25 per share.
On the contrary, Chams Plc traded 9.84 per cent to close at N2.20 per unit, International Breweries trailed with a loss of 8.79 per cent to close at N4.15 per unit, RTBriscoe traded 8.51 per cent to close at N0.43 per share, Thomas Way declined by 8.42 per cent to close at N3.70 per share,
FBNHoldings dipped by 8.14 per cent to close at N18.05 per unit
Volume of transactions declined by 76.275 million, representing 12.68 per cent as investors traded 525.457 million shares valued at N6.088 billion in 8396 deals against 601.732 million shares valued at N11.016 billion exchanged hands the previous day in 7444 deals.
Trading in the shares of Japaul Gold recorded the highest volume of activities with 92.015 million shares valued at N124.950 million, Fidelity Bank followed with account of 67.032 million shares worth N557.364 million, United Bank for Africa exchanged 46.312 million shares valued at N971.341 million, FCMB traded 42.616 million shares cost N262.589 million while Chams Plc sold 30.951 million shares valued at N728.810 million.
