After record sessions of positives, mild sell-side pressure at the Nigerian Exchange Limited (NGX) on Thursday decreased the All-Share Index (ASI) by 0.08 percent or N54billion.
Shares of Seplat Energy and other major laggards rerouted the market southward. Seplat decreased most, from N5,516 to N4,964.40, losing N551.60 or 10 percent.
It was followed by newly listed Legend Internet which dropped from N7.60 to N6.84, losing 76 kobo or 10 percent, while shares of another major laggard Abbey Mortgage Bank dropped from N6.87 to N6.19, losing 68 kobo or 9.90 percent.
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The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities market capitalisation decreased from 111,902.61 points and N70.564 trillion respectively to 111,818.08 points and N70.510 trillion.
UBA, Fidelity Bank, Nigerian Breweries, Tantalizers and Zenith Bank were actively traded stocks. At the close of trading, investors in 18,505 deals exchanged 556,447,527 shares worth N17.167 billion.
Meanwhile, Livestock Feeds led the league of market’s major advancers after it’s price rose from N8.35 to N9.15, adding 80 kobo or 9.58 percent.
