Equities market closes Thursday negative, down by 0.30%

After closing positive on Wednesday, Nigerian bourse turned negative on Thursday when the prime indicators, All-Share Index and market capitalization depreciated by 0.30 per cent each.

The All-Share Index closed at 25,055.29 basis points after it depreciated by 74.97  basis points or 0.30 percent from 25,130.29 it closed on Wednesday, while Market Capitalisation clipped by N26.1 billion to close at N8.671 trillion from N8.697 trillion it closed on the previous day.

Julius Berger led the gainers’ table when it added 174 kobo to close at N36.57 per share, followed by Guaranty Trust Bank which grabbed 20 kobo to close at N24.00 per share, FBN Holdings gained 14 kobo to close at N3.34 per share.

Total Oil gained 11 kobo to close at N270.11 per share, while United Eterna Oil increased by 10 kobo to close at N3.34 per share, among others.

Nigeria Breweries led the decliners’ table with a loss of 448 kobo to  close at N113.02 per share, followed by UACN, which shed 750 kobo to close at N14.35 per share, Stanbic Bank depreciated by 50 kobo to close at N16.5 per share, Forte Oil dropped 18 kobo to close at N62.32 per share, while Vita Foam Company went down by 10 kobo to close at N1.98 per share, among others.

United Bank for Africa emerged the most traded equity on Thursday with an exchange of 30.380 million shares worth N146.849 million.  It was trailed by Guaranty Trust Bank having accounted for 23.641million shares valued at N566.733 million. First City Monument Bank recorded 13.098 million shares worth N16.885 million; Zenith Bank exchanged12.776 million shares valued at N191.674 million while United Capital traded 10.630 million shares worth N39.373 million.