NSE: Market indices dip by 1.20%, despite high volume of trading

Activities on the Nigerian Stock Exchange (NSE) on Thursday reversed on the downward trend after appreciating for three consecutive days.
The market capitalisation, which opened at N10.198 trillion, decreased by 1.20 per cent or N122 billion to close at N10.076 trillion.
Also, the All-Share Index dropped by 416.99 points to close at 30,200.97 when compared with 30,617.96 declared on Wednesday due to price depreciation.
Nigerian Breweries recorded the highest price loss of N4.50 to close at N144 per share.
Dangote Cement trailed by N3 to close at N159, while Flour Mill and Glaxosmith dipped by N1.90 each to close at N36.10 and N40.10 per share respectively.
Presco lost 99k to close at N29 per share.
On the other hand, UACN led the gainers’ chart by N1.15 to close at N40 per share.
International Breweries gained N1 to close at N21.50, while UAC-Property grew by 97k to close at N11.94 per share.
Champion appreciated by 63k to close at N6.91, while Guinness gained 53k to closed at N128.46 per share
The Financial Services Sector was the delight of investors as they exchanged 417.99 million shares worth N3.21 billion in 2,669 deals.
The Banking sub-sector accounted for 280.26 million shares valued at N2.46 billion traded in 1,495 deals.
However, the volume of shares traded increased by 2.46 per cent as investors exchanged a total of 477.494 million shares worth N3.96 billion in 4,417 deals.
This was against the 466.045 million shares valued at N4.75 billion traded in 4,880 deals on Wednesday.