Investors who took profit majorly in consumer goods and oil & gas stocks fuel market dip by 0.39 percent despite mild bargains in industrial and insurance stocks.
The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities market capitalisation decreased from preceding day’s highs of 121,257.69 points and N76.761trillion respectively to 120,772.68 points and N76.453 trillion.
Stocks like NAHCO, Oando and Champion Breweries and other major laggards contributed in dipping the market.
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NAHCO decreased from preceding trading day’s high of N101.10 to N91, down by N10.10 or 9.99 percent.
Likewise, Oando decreased from N68.75 to N61.90, losing N6.85 or 9.96 percent, while Champion Breweries was down from N10.91 to N10, losing 91kobo or 8.34 percent.
In 25,375 deals, investors exchanged 892,970,944 shares worth N18.225 billion. Ellah Lakes, Caverton, Access Holdings, Japaul Gold and Zenith Bank were actively traded stocks on Thursday.
