Bears return as domestic equity dips by N33bn

Trading activities on the floor of Nigerian Exchange on Thursday returned to bearish run, shedding N33 billion.

Market capitalisation of listed equities declined by 0.13 per cent to N26.343 trillion from N26.376 trillion reported the previous day.

The NGX All Share Index also depreciated by 61.35 basis points to 48365.14 points from 48426.49 points recorded on Wednesday.

Investors’ traded 148.157 million shares valued at N2.980 billion in 3391 deals against 146.206 million shares cost N3.356 billion in 2810 deals.

An analysis of the transactions during the day showed that Chams Plc led gainers table during the day, gaining 9.09 per cent to N0.24, RTBriscoe followed with a gain of 7.69 per cent to N0.28, z Cusson gained 5.50 per cent to N11.50, Livestock Feeds added 4.50 per cent to N1.16, Ecobank Transnational Incorporated gained 2.86 per cent to N10.80.

Conversely, Cap Hotel topped losers chart for the day, declining by 9.80 per cent to N2.76, HoneyWell Flour trailed with a loss of 9.09 per cent to N2.20, Wapic Insurance down by 8.11 per cent to N0.34, ABC Transport fell by 7.41 per cent to N0.25 while Cadbury Nigeria Plc dropped by 4.46 per cent to N10.70.

The trading result further showed that Ecobank Transnational Incorporated was the toast of investors during the day, exchanging 26.356 million shares valued at N281.873 million, FBNHoldings followed with account of 25.797 million shares worth N278.468 million, Transcorps traded 12.887 million shares cost N14.782 million, AccessCorp exchanged 9.610 million shares valued at N81.675 million while Sterling Bank sold a total of 9.206 million shares valued at N12.649 million.