Stocks end six-day gaining streak, investors lose N14bn

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The Nigerian equity market closed in the red on Thursday as investors began to take profits to increase capital gains.

The key market performance indicator, the Nigerian Stock Exchange All-Share Index, declined by 0.10 per cent to halt a six-day gaining streak.The ASI decreased by 25.85 basis points to close at 25,304.25 as against 25,330.10 recorded the previous day while the market capitalisation of equities depreciated by N14bn to close at N13.20tn from N13.21tn.

The premium subsector was the most active , with 70.66 million shares traded by investors in 1,045 deals. The banking subsector was boosted by trading activities on the shares of Guaranty Trust Bank Plc and Wear Bank Plc, with a turnover of 17.89 million shares in 1,045 deals.

 

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