Equity market loses N99bn

Equity market on the floor of Nigerian.

Exchange Thursday sustained volatility, shedding N99 billion.

Specifically, market capitalisation of listed equities declined by 0.49 per cent to N19.829 trillion from N19.928 trillion reported the previous day.

The Nigerian Exchange (NGX) All Share Index also depreciated by 189.10 basis points to 38044.58 points from 38233.68 points reported the previous day.

Investors traded 214.172 million shares valued at N1.336 billion in 3565 deals against 203.088 million shares cost N1.815 billion in 3594 deals.

A review of the transactions during the day showed that Mutual Benefits Assurance led gainers table during the day, gaining 7.32 per cent to N0.44 kobo, Cutix Plc followed with a gain of 7.14 per cent to N2.25 kobo, Regal Insurance increased by 7.14 per cent to N0.45 kobo , Chi Plc added 6.35 per cent to N0.67 kobo, Champion Breweries gained 6.00 per cent to N2.12 kobo.

On the contrary, Sovereign Trust Assurance topped losers chart, dropping by 10.00 per cent to N0.27 kobo, ABC Transport fell by 8.11 per cent to N0.34 kobo, Academy Press dipped by 7.69 per cent to N0.36 kobo, Royal Express declined by 6.33 per cent to N0.74 kobo, Wapic Insurance dropped by 5.66 per cent to N0.50 kobo.