Investment in the Nigerian Stock Market closed southward yesterday, shedding N301 billion as investor continued with profit taking. specifically, Market Capitalisation of listed equities declined by 1.48 per cent to N20.038 trillion from N20.339 trillion traded the previous day.
The NSE All Share Index also depreciated by 577.43 basis points to 38445.09 points from 39022.52 reported the previous day.
Investors traded 153.643 million shares valued at N2.445 billion in 3494 deals against 204.646 million shares worth N1.839 billion exchanged hands in 3940 deals.
A review of the daily transactions showed that MRS Plc led gainers table during the day, appreciating by 10 per cent to close at N12.10 kobo, Seplat Petroleum Development Company followed with a gain of 10 per cent to N682.00, Sterling Bank PLC added 9.74 per cent to N1.69 kobo, Japaul Gold appreciated by 9.62 per cent to N0.57 kobo, Regal Insurance up by 8.82 per cent to N0.37 kobo.
On the contrary, C&I Leasing recorded the highest loss in percentage terms, dropping 10 per cent to N4.50 kobo, Airtel Africa followed with a drop of 10 per cent to N837.00, BOC Gas fell by 9.96 per cent to N11.03 kobo, Royal Express dipped by 9.64 per cent to N0.75 kobo, Northern Nigeria Flour Mills sheds 8.94 per cent to N5.60 kobo.
The result further showed that UAC of Nigeria was the most active stock during the day, exchanging 10.013 million shares valued at N103.441 million, Zenith Bank followed with account of 9.638 million shares valued at N222.846 million, Fidelity Bank traded 8.745 million shares cost N19.839 million, Transnational Corporation of Nigeria exchanged 8.707 million shares valued at N7.774 million while Access Bank sold a total of 7.713 million shares cost N63.553 million