Equities market drops with 0.43% loss

After just one day of gain this week, the equities market is back in red with the market indicators dropping by 0.43 per cent.

The market capitalisation depreciated by N109 billion to close at N25,309 trillion as against N25,418 trillion on Wednesday while the all-share index shed 0.43 per cent or  202.32 points to close the day at 46,960.29 points compared with 47,163.94 on Wednesday.

The market sentiment however remained positive as the market closed with 16 gainers relative to 15 gainers.
At the end of the day’s trading, a total of 214.69 million shares with a market value of N2.62 billion were traded in 4,003 deals.

Gainers for the day included Veritas Kapital Assurance with N0.02k gain and a closing price of N0.23k, FCMB Group with 0.25k gain and a closing price of N3.60k and Custodian and Allied with 0.50k gain and a closing price of N7.50k.

On the losing side were Guaranty Trust Holding which lost N3.00 to close at N23.00k followed by RT Briscoe with a loss of N0.07k to close at N0.65k and Consolidated Hallmark Insurance which lost N0.06k to close at N0.60k per share.

Fidelity Bank for the second consecutive day recorded the highest volume of 48.3 million traded shares followed by Guaranty Trust Holding with 26.1 million shares.

Mercy Chukwudiebere
Equities market drops with 0.43% loss