The Nigerian Equities market reversed previous day’s gain Thursday with 0.10 percent lower as the Nigerian Stock Exchange All Share Index shed 26.3 points to close at 25,490.70 points.
Investors lost N9.1 billion to close at N8.774 trillion in contrast to N19.2 billion gained on Wednesday when the market capitalization rose to N8.784 trillion.
Consequently, Year-to-Date losses increased, to settle at -11 percent, whilst volume traded depreciated by 41 percent to settle at 97.1 million units, valued at N1.140 billion and exchanged in 1,929 deals.
Market Breadth however remained positive, as 16 gainers led 13 losers.
Air Service led the day’s decliners for the second consecutive day, recording a depreciation of 9.49 percent to close at N2.67 per share, this was followed by Total that shed 8.98 percent to close at N223 per share and Okomu Oil that lost 4.57 percent to close at N40.08 per share.
Vitafoam closed at N2.29 after depreciating 4.18 percent while International Breweries dropped 4.10 percent to close at N18.70 per share.
On the flip side, Africa Prudential Registrars led the top five gainers with a 4.89 percent appreciation to close at N2.79 per share. Transcorp followed with a 4.35 percent growth to close at 72 kobo per share, while NEM Insurance recorded a gain of 4.23 percent to close at 74 kobo per share.
Flour Mills improved by 4 percent to close at N19.49 per share while Wema Bank added 3.92 percent to close at 53 kobo per share.
International Breweries emerged the most traded stock for the day with 22.01 million shares valued at N411.6 million, Access bank followed with 20.0 million units of shares worth N112.4 million while Guaranty Trust Bank came third with the sale of 11.4 million shares worth N245.3 million.
Transcorp sold approximately 9.9 million shares at N7.1 million while FBN Holdings emerged the fifth most active stock with 7.2 million shares valued at N21.9 million.