The Nigerian Stock Exchange (NSE) on Thursday recorded a downward trend for the third consecutive day following slight price losses by some blue chips, dropping marginally by 0.05 per cent.
The News Agency of Nigeria (NAN) reports that the All-Share Index depreciated by 13.23 basis points or 0.05 per cent to close at 23,116.59, down from 23,129.82 points on Wednesday.
Similarly, the market capitalisation, which opened at N7.360 trillion, dropped by N4 billion, representing 0.05 per cent, to close at N7.356 trillion due to price losses recorded by some blue chip companies.
Conoil recorded the highest price loss on the losers’ chart with a loss of N1.31 to close at N24.99 per share.
Nigerian Breweries followed with 50k to close at N117 per share, while Oando dropped by 40k to close at N14 per share.
The FBN also depreciated by 36k to close at N11.51 per share, while UBN’s share price dipped by 21k to close N4.13.
On the other hand, NewGold led the gainers’ chart, gaining N39 to close at N2, 51 per unit.
Presco followed with 70k to close at N15.35 per share, while Access Bank grew by 35k to close at N7.46 per share.
Cadbury rose with 25k to close at N15, while Cement Company of Northern Nigerian (CCNN) appreciated in price with 20k to close at N4.32.
Union Diagnostic and Clinical Service emerged the most traded as investors bought 58 million shares worth N29 million traded in one deal.
The financial services sector boosted trading activities in the volume of shares, recording 251.03 million shares worth N1.3 billion traded in 2,263 deals.
AIICOInsurance was the toast of investors with 41.67 million shares valued at N20.84 million traded in 20 deals.
At the close of trading, investors bought 378.11 million shares worth N3.1 billion traded in 4,004 deals.
This was against the 420.52 million shares valued at N2.9 billion exchanged in 4,554 deals on Wednesday.