The Nigerian equities market on Thursday reversed its three-day bullish streak due to profit-taking, mainly in stocks of Airtel Africa.
Accordingly, investors gained N127 billion or 0.52 percent as market capitalization went down to N24.306 trillion from N 24.433 trillion the previous day.
Accordingly, the All-Share Index (ASI) declined by 234.6 points or 0.52 percent to 44,625.18 from 44.859.78 recorded on Wednesday.
Consequently, the Year-to-Date (YTD) gain moderately to 4.5 percent.
The market sentiment was positive as 11 stocks gained relative to nine losers.
Regent Alliance Insurance led the gainers’ chart in percentage terms by 8.7 percent each to close at 25k per share.
Sovereign Trust Insurance followed with eight percent to close at 27k, while Japaul Gold and Ventures was up by 7.41, percent to close at 29k, per share.
Cornerstone Insurance rose by 4.17 percent to close at 50k, while UACN gained 4.07 percent to close at N8.95, per share.
On the other hand, Phamadeko led the losers’ chart in percentage terms by 9.76 percent to close at N1.85 per share.
Linkage Assurance followed with a decline of 9.3 percent to close at 39k, while WAPIC Insurance lost 8.33 percent to close at 33k per share.
ABC Transport dropped by 7.41 percent to close at 25k, while AIICO shed 3.45 percent to close at 56k per share.
The total volume traded decreased by 22 percent to 153.52 million units valued at N2.22 billion exchanged in 4,041 deals.
The total volume traded increased by 61.4 percent to 150.97 million units, valued at 1.55 billion, and exchanged in 2,905 deals.
