Trading activities on the Nigerian Exchange floor closed in the red on Thursday, with a decline of N118 billion as bearish sentiment continued to dominate the market.
The market capitalization of listed equities decreased by 0.21% to N56.712 trillion from the previous day’s value of N56.830 trillion.
The NGX All Share Index also depreciated by 208.21 basis points, closing at 100156.96 points compared to the previous day’s value of 100365.17 points.
The poor market performance was a result of declines in the shares of Dangote Sugar, FBN Holdings, GTCO Plc, United Bank for Africa, Guinness Nigeria Plc, Zenith Bank, and 19 other companies.
Consequently, the year-to-date return dropped to 33.95% as the NGX recorded 12 gainers against 25 losers.
Among the gainers, Custodian Insurance topped the table with a gain of 8.51% to close at N10.20 per unit. Livestock Feeds followed with a gain of 3.91%, closing at N2.39 per share. Wapic Insurance added 3.90% to close at N0.80 per unit. Oando Plc gained 3.06%, closing at N18.50 per share, while United Capital experienced a 2.70% increase to close at N38.00.
