DAILY POST
Investors at Nigerian Exchange Limited shed N35 billion on Thursday as persistent sell pressure resulted in a downturn trend in the country’s stock market.
NGX market capitalisation was down by N35 billion or 0.05 percent to N65.754 trillion from N65.789 trillion recorded on Wednesday.
Also, the All-Share Index dropped by 0.05 percent, or 56.36 points, to close at 104,858.77 against 104,915.13 posted the previous day.
The development comes amid sales in major stocks, which include Unilever, Accesscorp, Afriprud, and others, pushing the market into a downturn.
Similarly, market breadth closed negative with 28 losers and 14 gainers.
On the losers’ table, Livestock Feeds dropped by 9.57 percent to close at N7.65, while Royal Exchange lost by 8.24 percent to close at 78k per share.
Custodian Investment Trust declined by 6.98 percent to close at N20, and UPDC Real Estate Investment Trust fell by 6.23 percent to close at N2.86 per share.
Also, Champion Breweries lost 5.16 percent to close at N2.02 per share.
Meanwhile, on the gainers’ table, Computer Warehouse Group (CWG) soared by 9.64 percent to close at N9.10, while Veritas Kapital Assurance increased by 8.41 percent to close at N1.16 per share.
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