Equities market drops by 1.64%

Equities trading on the floor of The Nigerian Stock Exchange continued on the negative lane on Thursday when the twin-indicators, the All-share Index and Market Capitalisation depreciated by 1.64 per cent respectively.
The All-Share index shaded 549.45 basis points to close at 32,928.44 basis points from 33,477.89 basis points it closed on Wednesday, while Market Capitalisation went down by N190 billion, to close at N11.387 trillion from N11.577 trillion it closed on the previous day.
Nigerian Breweries led decliners’ table when its shares went down by 797 kobo to close at N158.03 per share, followed by Okomu Oil Palm which slipped by 340 kobo to close at N64.8 per share, Presco dropped 300 kobo to close at N73.00 per share, Mobil lost 290 kobo to close at N248.00 per share, while Julius Berger depreciated by 218 kobo to close at N41.52 per share, among others.
On the other hand, Conoil led the gainers’ table when it added by 414 kobo to close at N44.56 per share, followed by Ashaka Cement Company which added 150 kobo to close at N16.27 per share, Berger raked in 65 kobo to close at N7.12 per share, United Bank for Africa grabbed 38 kobo to close at N9.2 per share, while UAC of Nigeria recorded 10 kobo to close at N18.00 per share, among others.
United Bank for Africa emerged the most traded equity onThursday with an exchange of 88.916 million shares worth N776.269 billion. Diamond Bank having accounted for 70.363 million shares valued at N79.013 million, Transnational Incorporated exchanged 60.316 million shares valued at N91.721 million; FBN Holdings recorded 58.634 million shares valued at N357.159 million while Zenith Bank traded 57.524 million shares worth N1.201 billion.