On Thursday, equities trading at the Nigerian Exchange Limited (NGX) ended mixed with a bearish tilt as the benchmark Index shed 0.02 per cent to settle at 51,944.58 basis points.
Specifically, sell pressure on mid and large caps such as May & Baker, Fidelity Bank and Zenith Bank lowered their respective share prices by 10.00per cent, 5.47.er cent, and 1.76 per cent, respectively.
Accordingly, the Month-to-Date and Year-to-Date returns were flat at -4.2 per cent and +1.4 per cent, respectively.
Consequently, equities investors lost N4.81 billion as the market capitalisation settled at N28.30 trillion.
As measured by market breadth, market sentiment was negative, as 21 tickers lost relative to 18 gainers. On the performance chart, May&Baker and Ikeja Hotel recorded the most significant losses of the day having dipped in share value by 10.0 per cent and 9.2 per cent, respectively, while Transnational Corporation and Wapic Insurance topped the gainers’ list after their respective share prices appreciated by 10.0 per cent and 7.7 per cent.
Sectorial performance was a mixed bag as the NGX Banking and NGX Insurance indexes decreased by 0.75 per cent and 0.29 per cent, respectively, while the NGX Consumer Goods and NGX Oil/Gas indices rose by 0.05 per cent and 0.16 per cent, respectively. The NGX Oil/Gas index closed flat.
However, analysis of market activities on Thursday showed that trade turnover settled higher relative to the previous session, with the value of transactions up by 13.20 per cent.
A total of 302.92 million shares valued at N2.02 billion were exchanged in 3,743 deals. Transnational Corporation led the volume chart with 107.21 million units traded, while Zenitj Bank led the value chart in deals worth N521.30 million.
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