Nigeria’s equities market decreased by 0.40 percent on Thursday as investors sold mostly the shares of May & Baker, Chellaram, Linkage Assurance and MCNichols, among other major laggards.
The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities market capitalisation decreased to 109,183.02 points and N68.621 trillion respectively as against preceding day’s highs of 109,619.1 points and N68. 895 trillion.
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In 26,176 deals, investors exchanged 1,646,952,901 shares worth N19.098 billion. Royal Exchange, Fidelity Bank, Japaul Gold, UBA, and Tantalizers were actively traded stocks.
May & Baker decreased from preceding day’s high of N13.05 to N11.75, down by N1.30 or 9.96 percent. Also, Chellaram decreased from N13.05 to N11.75, losing N1.30 or 9.96 percent.
Linkage Assurance dropped from N1.62 to N1.46, down by 16 kobo or 9.88 percent, while MCNichols dipped from N2.30 to N2.10, down by 20 kobo or 8.70 percent.
