The Nigerian Exchange witnessed continued negative sentiment on Thursday, resulting in a decline of N111 billion in profit-taking.
Profit-taking activities were observed in some medium and large-cap stocks, contributing to the overall dip.
The market capitalization of listed equities dropped by 0.31 percent, sliding from N35.745 trillion to N35.634 trillion compared to the previous day’s figures.
The NGX All Share Index also experienced a decline of 204.25 basis points, closing at 65482.91 points from the previous day’s 65687.16 points.
Among the gainers, Lasaco Insurance led the pack, appreciating by 10 percent to reach N2.09 per share.
Multiverse followed closely with a gain of 9.96 percent, closing at N2.98 per share, while Skyways Aviation Handling added 9.91 percent, closing at N23.30 per unit. Other gainers included RTBriscoe and CAP Plc, with gains of 6.00 percent and 5.26 percent, respectively.
On the flip side, Japaul Gold recorded a high percentage, dropping by 9.91 percent to close at N1.00.
Cadbury Nigeria Plc trailed with a loss of 9.80 percent, closing at N13.80 per unit.
FTNCocoa and Neimeth International Pharmaceutical also experienced declines of 9.40 percent and 3.34 percent, respectively.
Courtvellle Business Solutions closed the list of losers with a decline of 9.09 percent, closing at N0.60 per share.
A total of 509.247 million shares valued at N4.795 billion were traded in 8070 deals on the previous day. This was in contrast to 500.43 million shares valued at N7.14 billion in 7345 deals the day before.
Japaul Gold dominated market activities during the day, exchanging 115.697 million shares valued at N129.723 million. United Bank for Africa (UBA) followed with 40.430 million shares, worth N595.919 million.
Transnational Corporation of Nigeria traded 37.498 million shares worth N133.499 million, while FCMB group exchanged 34.989 million shares valued at N237.688 million. Fidelity Bank also recorded significant activity, trading 31.846 million shares worth N271.168 million.
