Transactions on the Nigerian Stock Exchange (NSE) on Thursday maintained the downward trend with the market indices recording further depreciation for the third consecutive days.
The market capitalisation lost N50 billion or 0.44 per cent to close at N11.306 trillion from the N11.356 trillion posted on Wednesday.
Similarly, the All-Share Index, which opened at 33,266.87, lost 145.22 points or 0.44 per cent to close at 33,121.65 following price depreciation.
A breakdown of the price movement chart indicated that Forte Oil topped the price losers’ chart, shedding N5.99 to close at N182 per share.
Guinness trailed with a loss of N4.90 to close at N158.50, while Betaglass lost N1.86 to close at N35.46 per share.
Flour Mill and Ashaka Cement dipped by 56k and 50k respectively, to close at N33.01 and N2.50 per share each.
On the other hand, Total led the price gainers’ table, growing by N6.50 to close at N165 per share.
Nestle Nigeria followed with a gain of 15k to close at N850.25 per share.
Mansard Insurance gained 14k to close at N2.96, while Eterna Oil rose by 12k to close at N2.53, while Neimeth improved by 5k to close at N1.50 per share.
Unilever Nigeria drove the activity chart, trading 36.37 million shares valued at N1.65 billion.
GTBank came second with 32.87 million shares worth N887.59 million, while UBA sold 31.39 million shares valued at N159.80 million.
FBN Holding accounted for 25.27 million shares worth N201.76 million, while Diamond Bank sold 22.10 million shares valued at N93.10 million.
In all, investors exchanged 306.59 million shares worth N5.19 billion in 3,435 deals.
This was against the 310.34 million shares valued at N6.12 billion in 3,669 deals.
