Domestic equity sheds N25bn

Local equity market Thursday returned to bearish run, declining by N25 billion as the Exchange printed more losers against gainers.

Market capitalisation of listed equity depreciated by 0.10 per cent to N24.094 trillion from N24.119 trillion reported the previous.

The NGX All Share Index also declined by 46.32 absolute points to 44236.70 points from 44283.02 points reported in the previous day.

Investors traded 215.154 million shares valued at N1.905 billion in 3389 deals against 155.406 million shares valued at N1.526 billion in 3796 deals.

An analysis of the investment showed that UPDC Reits led gainers table during the day, increasing by 9.09 per cent to N3.00, Trans Express followed with a gain of 8.82 per cent to N0.74, Champion Breweries added 7.81 per cent to N3.45 , Japaul Gold up by 7.69 per cent to N0.28 Cutix Plc gained 4.88 per cent to N2.15.

On the contrary, Prestige Insurance topped losers chart during the day, shedding 9.80 per cent to N0.46, Caverton trailed 9.38 per cent to N0.87, SUNU Assurance fell by 8.57 per cent to N0.32, Unilever Nigeria Plc down by 8.29 per cent to N9.95, Multiverse dropped by 8.25 per cent to N4.24.

The trading activities further showed thatAccessCorps led gainers table for the day, exchanging 112.333 million shares valued at N892.561 million, Transcorps followed with account of 16.068 million shares cost N16.713 million, Sterling Bank traded 12.256 million shares valued at N16.640 million, Fidelity Bank sold a total of 9.290 million shares cost N38.190, Zenith Bank sold a total of 7.190 million shares worth N14.829 million.