For the second day, the domestic equity market on Thursday sustained a negative trend, declining by N707 billion as profit-taking activities persisted.
The market capitalisation of listed equities declined further by 2.03 percent to N34.167 trillion from N34.874 trillion reported the previous day.
The NGX All Share Index also depreciated by 1,297.99 basis points to 62748.94 from 64046.93 points recorded on Wednesday.
A review of transactions during the day showed that JohnHolt led gainers table in percentage terms, gaining 10 per cent to close at N1.65 per unit, Dangote Sugar Refinery followed with a gain of 9.94 percent to close at N29.85 per share, Nascon gained 9.91 percent to close at N25.50 per share, Skyways Aviation Handling also increased by 9.80 percent to close at N13.45 per unit, Gold Breweries added 9.74 percent to close at N2.93 per share.
The NSE trading result also showed that five listed companies declined by 10 percent at the close of trading on Thursday.
Specifically, Stanbic IBTC, Fidelity Bank, Wema Bank shed 10 percent to close at N61.20 per share, N7.11 and N4.50 per share respectively. Omatek and Transco Hotel also dipped by 10 per cent to close respectively at N0.45 and N35.55 per unit.
The volume of trades declined by 364.533 million, representing 31.34 per cent as investors traded 798.467 million shares valued at N10.449 billion in 10296 deals against 1.163 billion shares worth N12.694 billion exchanged hands the previous day in 13878 deals.
Transactions in the shares of United Bank for Africa led market activity with 99.015 million shares valued at N1.331 billion, FBNHoldings followed with account of 72.688 million shares valued at N1.284 billion, Transnational Corporation of Nigeria exchanged 68.797 million shares valued at N280.804 million, FCMB group traded 67.892 million shares valued at N415.893 million while GTCO Plc traded 51.243 million shares cost N1.770 billion.
