The Nigerian equities market closed Thursday’s session in negative territory, extending its bearish run to the fourth consecutive trading day as profit-taking in heavy and mid-cap equities dragged down key performance indicators.
At the close of trading, the overall market capitalisation value shed N581bn or 0.37 per cent to seal the day at N155.359tn, down from N155.940tn recorded in the previous session.
Similarly, the All-Share Index retreated by 905.30 absolute points, representing a decline of 0.37 per cent, to close at 242,227.31 points. The negative outing was largely driven by price depreciation in large and medium-capitalised stocks, including Aradel Holdings, UACN, Stanbic IBTC Holdings, Eterna, and Transnational Corporation.
Market breadth closed negative as 30 decliners outpaced 24 advancers, reflecting dominant bearish sentiments.
On the laggards’ log, McNichols led the losers’ chart with a maximum price plunge of 10 per cent to close at N7.74 per share. Associated Bus Company followed
This post was originally published on this site.
