Banking, Consumer Goods reverse Stock Market Gains by 0.13%

The Nigerian equity market Thursday closed in the negative region, reversing the previous two days’ positive sentiment.

The All-Share Index and Market Capitalization fell by 0.13 percent on the back on profit-taking on the Banking and Consumer Goods stocks.

Consequently, the market breath largely negative, recording 14 gainers and 24 losers.

Specifically, the All-Share Index dipped by 125.81 absolute points, representing a decrease of 0.13 percent to close at 40,095.49 points. While the overall Market Capitalization value lost N65.82 billion, representing a decline of 0.13 percent to close at N20.98 trillion.

Chams Plc emerged as the top gainer with a price appreciation of 9.09 percent to close at 24kobo per share.

It was trailed by Royal Exchange Plc with two kobo or eight percent to close at 27kobo per share. Wema Bank Plc emerged third place in the top five ranking rising by five kobo or 7.69 percent to close at seven kobo per share. Redstar Express Plc added 18 kobo or 5.77 percent to close at N3.3 per share.

Prestige Assurance Plc came last in the top five ranking category with an increase of two kobo or 4.55 percent to close at 46kobo per share.

Conversely, LASACO Assurance Plc emerged as top loser for the day’s trading, with the price depreciation of 12kobo or 9.68 percent to close at N1.12 per share.

Fidson Plc lost 45kobo or 8.41 percent to close at N4.9 per share, ETI clinched third place with 35kobo or 5.13 percent to close at N5.2 per share, while Mutual Benefit Assurance Plc went down by two kobo or 5.13 percent to close at 37kobo per share.

The share price of UACN Plc declined by four kobo or 5.03 percent to close top five ranking at N7.55 per share.

In all, investors traded 326.42 million ordinary shares valued at N3.713 billion in 4,567 deals.