The Nigerian equities market yesterday skilled a downturn by N325 billion loss amid revenue reserving.
The All Share Index (ASI) misplaced 512.60 factors, representing a decline of 0.36 per cent to shut at 141,248.76 factors. Additionally, market capitalisation misplaced N325 billion to shut at N 89.372 trillion.
The downturn was impacted by losses recorded in medium and enormous capitalised shares, amongst that are: Guinness Nigeria, Nigerian Trade Group, Unilever Nigeria, Warranty Belief Holding Firm (GTCO) and NASCON Allied Business.
Market sentiment remained subdued, evidenced by a destructive breadth with 17 shares advancing in comparison with 40 declining. Deap Capital Administration and Belief recorded the very best value acquire of 4.82 per cent to shut at N1.74 per share. Legend Interne adopted with a acquire of 4.63 per cent to shut at N5.65, whereas Honeywell Flour Mills was up by 4.17 per cent to shut at N22.50 per share.
Tantalizer rose by 3.60 per cent to shut at N2.59, whereas Africa Prudential appreciated by 3.13 per cent to shut at N16.50 per share.
Then again, Cornerstone Insurance coverage and R.T. Briscoe led the losers’ chart by 10 per cent every to shut at N6.39 and N3.06 respectively, whereas Related Bus Firm adopted with a decline of 9.80 per cent to shut at N4.51, per share.
Nigerian Trade Group depreciated by 9.70 per cent to shut at N53.55, whereas Mutual Advantages Assurance declined by 9.58 per cent to shut at N4.06 per share.
The entire quantity traded rose 12.87 per cent to 682.890 million models, valued at N22.222 billion, and exchanged in 28,695 offers. Transactions within the shares of FCMB Group topped the exercise chart with 108.485 million shares valued at N1.193 billion. Sterling Monetary Holdings Firm adopted with 86.040 million shares value N688.083 million, whereas Cutix traded 45.807 million shares valued at N155.691 million.
Entry Holdings traded 39.341 million shares valued at N1.076 billion, whereas First HoldCo offered 35.781 million shares value N1.163 billion.
