On Thursday, the Nigerian Exchange faced a setback, losing N267 billion and ending its three-day rally. This drop was mainly due to losses from major companies like MTNN, Okomu Oil, and GTCO.
As a result, the All-Share Index fell by 0.47 percent, bringing it down to 98,523.56 points, while the total market capitalization decreased to N56.6 trillion.
During this trading session, investors traded a total of 344,355,846 shares worth N6.6 billion across 9,005 deals.
This was a significant decrease, with trade volume dropping by 43 percent, turnover by 47 percent, and the number of deals by 7 percent compared to the previous day.
Out of 120 listed stocks, there were 28 gainers and 27 losers, showing a mixed performance in the market.
FTN Cocoa Processors led the gains, rising 9.82 percent to close at N1.79 per share. Other top gainers included Ellah Lakes and Deap Capital Management & Trust.
Conversely, Caverton Offshore Support Group had the most significant loss, declining 9.73 percent to N2.97.
United Bank for Africa topped the trading volume, with over 29 million shares exchanged.
(PUNCH)