The local equity yesterday sustained its negative trend as the Nigerian Exchange (NGX) benchmark index dipped by 2.16 per cent following low performance recorded in the shares of some capitalised stocks.
The NGX All Share Index depreciated by 999.63 basis points to 45366.32 points from 46365.95 points traded the previous day.
Market capitalisation of listed equities also declined by N545 billion or 2.16 per cent to N24.709 trillion from N25.254 trillion reported the previous day.
Operators said that the depreciation in the shares of Airtel Africa Plc and Nigerian Breweries by 10 per cent and 9.80 per cent respectively helped to weigh down the nation’s equities market.
Meanwhile, Investors traded 420.276 million shares valued at N3.624 billion in 3486 deals against 137.983 million shares valued at N4.316 billion in 3234 deals.
An analysis of investment showed that United Capital led gainers table during the day, gaining 6.69 per cent to N12.45, Regal Insurance followed with a gain of 8.83 per cent to N0.26, Sovereign Trust Insurance added 7.69 per cent to close at N0.28, Mutual Benefits Assurance increased by 7.41 per cent to N0.29, Honey Well Flour gained 6.84 per cent to N2.50.
On the contrary, Airtel Africa topped losers chart during the day, declining by 10 per cent to N1458.00, Nigeria Breweries trailed with a drop of 9.80 per cent to N41.90, CWG fell by 8.64 per cent to N0.74, Jaiz Bank down by 5.56 per cent to N0.85, Courtvellle Business Solutions down by 4.17 per cent to N0.46.
