The Nigerian stock market extended its losing streak on Thursday by 0.32 per cent due to losses in some highly capitalised stocks.<\/p>\n\n\n\n
Accordingly, the All-Share Index declined by 136.25 per cent, representing a decrease of 0.32 per cent to close at 43,108.77 from 43,245.02 posted on Wednesday.<\/p>\n\n\n\n
Consequently, the month-to-date and year-to-date return moderated to 2.6 per cent and 7.1 per cent, respectively.<\/p>\n\n\n\n
Similarly, the market capitalisation lost N71 billion to close at N22.494 trillion against N22.565 trillion on Wednesday.<\/p>\n\n\n\n
The negative performance of the market was driven by price depreciation in large and medium capitalised stocks which are: Seplat Energy, Nigerian Breweries, MRS Oil, Ecobank Transnational Incorporated (ETI) and UACN.<\/p>\n\n\n\n
The market closed negative with 24 laggards relative to 14 gainers.<\/p>\n\n\n\n
MRS Oil led the losers\u2019 chart in percentage terms by 9.87 per cent to close at N13.70 per share.<\/p>\n\n\n\n
Chams followed with 8.70 per cent to close at 21k, while ETI lost 8.57 per cent to close at N8 per share.<\/p>\n\n\n\n
Consolidated Hallmark Insurance declined by 8.06 per cent to close at 57k, while Unity Bank shed 7.27 per cent to close at 51k per share.<\/p>\n\n\n\n
On the other hand, Honeywell Flour Mills drove the gainers\u2019 chart in percentage terms with 9.76 per cent to close at N4.05 per share.<\/p>\n\n\n\n
AIICO Insurance followed with 8.47 per cent to close at 64k, while Regency Alliance Insurance was up by 8.33 per cent to close at 39k per share.<\/p>\n\n\n\n
Ikeja Hotel and University Press appreciated by eight per cent each to close at N1.35 and N2.70 per share, respectively.<\/p>\n\n\n\n
The total volume traded increased by 9.4 per cent to 266.12 million units valued at N4.22 billion exchanged in 3,905 deals.<\/p>\n\n\n\n
This was against a total of 243.19 million shares worth N3.75 billion achieved in 3,777 deals on Wednesday.<\/p>\n\n\n\n
Transactions in the shares of Honeywell Flour Mills topped the activity chart with 52.47 million shares valued at N209.57 million.<\/p>\n\n\n\n
Guaranty Trust Bank Holding Company followed with 22.96 million shares worth N578.56 million, while Zenith Bank traded 22.89 million shares valued at N559.04 million.<\/p>\n\n\n\n
Transcorp traded 18.47 million shares worth N17.73 million, while Access Bank transacted 13.94 million shares valued at N127.37 million.<\/p>\n\n\n
The Nigerian stock market extended its losing streak on Thursday by 0.32 per cent due to losses in some highly capitalised stocks. Accordingly, the All-Share Index declined by 136.25 per cent, representing a decrease of 0.32 per cent to close at 43,108.77 from 43,245.02 posted on Wednesday. Consequently, the month-to-date and year-to-date return moderated to […]<\/p>\n","protected":false},"author":2,"featured_media":26030,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[126],"tags":[210],"class_list":["post-38407","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade-and-industry","tag-stock-market","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"\n