The equities market’s All Share Index (ASI) further dropped by 0.14 per cent on Thursday, to stand at 47, 296.07 points, following the release of financial year results by some companies on the Nigerian Exchange Ltd. (NGX).
The downward movement made the month-to-date and year-to-date performance of the All-Share Index to stand at -0.21 per cent and 10.72 per cent respectively.
It also saw a decrease in the market capitalisation to N25.49 trillion with 0.14 per cent, from the N25.525 trillion recorded on Wednesday, making investors to shed N35 billion from their investment.
On the price movement chart, 34 stocks recorded price depreciation while 12 others constituted the gainers’ chart.
R.T Briscoe and CAP topped the losers’ chart, dropping by 10 per cent each to 63k and N17.55 respectively.
NGX Group trailed with a drop of 9.96 per cent to close at N20.8 while RedStar Express followed with a loss of 9.78 per cent to close at 36k.
ABC Transport led the gainers’ chart, adding 9.4 per cent to close at 35k. LASACO followed with a gain of 7.6 per cent to close at N1.13.
The Nigerian Exchange Ltd. (NGX) stock market opened the week on a negative note, recording 0.02 per cent decline on the performance indices.Losses in...