The Nigerian Stock Exchange market capitalisation on Thursday depreciated by N252 billion due to profit taking embarked upon by investors after a two-day consecutive growth.
The News Agency of Nigeria reports that the market capitalisation, which opened at N11.91 trillion, dropped by 2.12 per cent to close at N11.66 trillion due to price losses.
Also, the All-Share Index lost 787.48 points or 2.11 per cent to close at 36,472.43 against the 37,259.91 attained on Wednesday.
Dangote Cement led the losers’ chart with a loss of N14.70 to close at N171.30 per share.
It was trailed by Unilever, which dropped N7.40 to close at N68.60, while Nigerian Breweries lost N3.03 to close at N170 per share.
Okomu Oil dipped by N2.30 to close at N49.50, while MRS Oil declined by N1.80 to close at N16.20 per share.
Conversely, Nestle recorded the highest gain, appreciating by N24 to close at N987 per share.
Cadbury came second on the gainers’ chart with N5.33 to close at N58.68, while CAP rose by N2.49 to close at N65 per share.
Julius Berger chalked up 88k to close at N55.88, while GT Bank gained 80k to close at N28.80 per share.
NAN reports that the financial services sector remained the toast of investors with Zenith Bank emerging the most traded equity, accounting for 56.40 million shares worth N1.25 billion.
FBN Holdings Plc followed with a total of 30.33 million shares valued N563.07 million, while Diamond Bank sold 29.46 million shares worth N209.01 million.
The volume of shares traded declined by 8.44 per cent as investors staked N5.73 billion on 429.18 million shares in 6,408 deals.
This was in contrast to the 468.75 million shares worth N4.12 billion traded in 6,228 deals on Wednesday.
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