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Equity market sustains declining trend, sheds N84bn

By Amaka Ifeakandu, Lagos

Trading activities on the floor of  Nigerian Exchange (NGX) on Thursday closed southward declining by N84 billion as loss recorded in the shares of AccessCorp, GTCO Plc, Cadbury Nigeria Plc, Nigerian Breweries, Zenith, Guinness  wipe out gain in the shares of Caverton, Chams, Seplat, C&I Leasing among others

Market capitalisation of listed equities down by 0.15 per cent to N55.424 trillion from N55.708 trillion traded on Wednesday.

The NGX All Share Index also depreciated by 149.98 basis points to 97978.02 points from 98128.00 reported the previous day.

Consequently, year to date return declined to 31.03 per cent as NGX printed 28 losers and 17 gainers.

The NGX trading result showed that C&I Leasing led gainers table with 9.90 per cent to close at N3.44 per share, Caverton Business Solutions followed with a gain of 7.69 per cent to close at N1.40 per unit, Chams Plc gained 7.14 per cent to close at N1.50 per unit, Conhall Plc added 6.15 per cent to close at N1.38 per share, Veritas Kapital increased by 5.36 per cent to close at N0.59 per unit.

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