The bearish trend on the Nigerian Exchange persisted on Thursday, resulting in a loss of N6 billion.
The All Share Index and market capitalization fell by 0.1 percent, closing at 97,477.19 and N56 trillion, respectively. The market’s year-to-date performance also moderated to 30.36 percent.
Investors traded a total of 277,745,152 shares across 7,091 deals, amounting to N4.65 trillion. The trading volume marked a 22 percent decline, while turnover and the number of deals dropped by 33 percent and 17 percent, respectively.
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At the end of the trading session, 122 stocks were involved, with 23 gainers and 22 losers.
Regency Alliance Insurance led the gainers, posting a 10 percent increase in share price to close at N0.66. It was followed by Caverton Offshore Support Group (+9.73 percent), Royal Exchange (+8.7 percent), and Associated Bus Company (+8.2 percent).
On the losing end, Daar Communications saw the largest decline, dropping 10 percent to N0.63. It was closely followed by Livestock Feeds (-9.88 percent), Fidson Healthcare (-9.71 percent), and Sunu Assurances Nigeria (-9.71 percent).
Fidelity Bank dominated the trading volume, with 43.3 million shares exchanged, followed by United Bank for Africa with 30.7 million shares, Zenith Bank with 25.6 million shares, and Lasaco Assurance with 22.1 million shares.
