The local equity market on Friday closed in a negative trend, declining by N412 billion as depreciation in the shares of GTCo Plc Dangote Sugar, Dangote Cement, Flour Mill Nigeria Plc impacted negatively on the market performance
Market capitalisation of listed equities declined by 0.71 per cent to N57.864 trillion from N58.276 trillion reported on Monday.
The NGX All Share Index also depreciated by 732.67 basis points to 102314.56 points from 103047.23 points traded the previous day.
The NGX trading activities for the week also indicated that the market which opened on Monday at 103437.67 points depreciated by 1123.11 point to close lower at 102314.56 points while market cap sheds N633 billion or 1.08 per cent to close at N57.864 trillion.
As a result year to date return stood at 36.83 per cent as NGX printed 12 gainers against 37 losers.
A review of the Investment for the day showed that Transnational Corporation of Nigeria led gainers table with 9.93 per cent to close at N14.95 per unit, Morison industry followed with a gain of 9.87 per cent to close at N2.56 per unit, Oando Plc added 8.61 per cent to close at N12.55 per share, Caverton Business Solutions gained 8.54 per cent to close at N1.78 per unit, Deap Capital up by 7.94 per cent to close at N0.68 per unit.
On the contrary, Dangote Sugar and GTCO Plc topped losers chart, dropping by 10 per cent each to close at N53.10 and N41.40 per unit respectively Flour Mills trailed with 9.87 per cent to close at N33.80 per share while Multiverse dipped by 9.84 per cent to close at N13.75 per unit while Dangote Cement sheds 9.08 per cent to close at N686.70 per share
Volume of trades increased by 488.187 million, representing 198.57 per cent as investors traded 734.043 million shares valued at N21.585 billion in 12491 deals against 245.856 million shares worth N3.0221 billion exchanged hands the previous day in 5302 deals.
Transactions in the shares of United Bank for Africa led market activities with 148.881 million shares valued at N4.007 billion, Zenith Bank followed with account of 135.810 million shares cost N5.483 billion, N5.483 billion, GTCO Plc traded 98.755 million shares worth N4.130 billion, Transnational Corporation of Nigeria (Transcorps) exchanged 71.430 million shares valued at N998.478 million, AccessCorp traded 44.310 million shares valued at N868.070 million while NEM Insurance traded 30.152 million shares cost N287.920 million.
