Nigeria’s equities investors booked additional loss of about N113billion on Thursday as activities of profit takers continued on the Nigerian Exchange Limited (NGX).

Stocks that contributed to the record dip by 0.51 percent include BOC Gases which dropped most, from day-open high of N10.50 to N9.45, losing N1.05 or 10percent.

Also on the top laggards list is UPDC which continued its losing streak after moving further down from 99kobo to 90kobo, losing 9kobo or 9.09percent.

Read also: NGX says remains preferred listing destination

Related News

At the close of equities trading session on Thursday, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalisation moved further down, from preceding day’s highs of 42,463.16 points and N22.157trillion respectively to 42,247.98 points and N22.044trillion.

All NGX Sectoral performance indices closed in the red zone on Thursday except NGX Consumer Goods Index which increased slightly by 0.08percent.

The stock market’s positive return year-to-date (YtD) printed lower at +4.91 percent. In 4,706 deals, equities dealers exchanged 324,019,543 units valued at N5.294billion. FBN Holdings, GTCO, Access Bank, Transcorp and Zenith Bank were most traded stocks on the Nigerian Bourse.

More from our Markets Column
Read Next
Stock market moves further south by 0.17%

Ronchess targets N7.3bn from listing shares on Nigerian Exchange

By Iheanyi Nwachukwu • December 3, 2021

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.

Join BusinessDay whatsapp Channel, to stay up to date

Open In Whatsapp