Stock Investors Lose N50bn on Thursday as 17 Stocks Closed in the Red

• Stock Investors Lose N50bn on Thursday as 17 Stocks Closed in the Red

The Nigerian Stock Exchange closed in the red on Thursday, bringing to an end days of a bullish run as broad-based profit-taking weighed on the entire bourse.

A total of seventeen stocks closed in the red while sixteen closed in the green during the trading hours.

Accordingly, the market capitalisation of listed stocks declined by N50 billion to N13.20 trillion, down from N13.25 trillion it closed on Wednesday.

While the NSE All-Share Index dipped by 95.91 basis points or 0.38 percent from 25,407.96 basis points on Wednesday to close at 25,312.05 basis points.

Activity level was low compared to Wednesday as total shares of 270.19 million were traded in 4,550 transactions.

The premium subsector was the most traded in terms of turnover volume, with 118.46 million shares exchanged by investors in 1,673 deals.

However, FBN Holdings Plc and Zenith Bank Plc drove activities in the premium subsector on Thursday.

UACN Property led gainers’ table with a 10 percent gain to settle at 88 kobo per share while Linkage Assurance Plc followed with a gain of 9.76 per cent to close at 45 kobo a share.

Skyway Aviation Handling Company Plc added 9.69 per cent gain to call it a day at N2.49 per share.

On the losers’ table were Cutix Nigeria Plc with a decline of 9.63 per cent to close at N1.69 per share. LASACO Assurance Plc followed with 7.41 per cent decine to settle at 25 kobo per a unit share.

While Custodian Investment Plc shed 7.14 per cent to close at N5.85 per share.