NSE: Depressed sentiment, unimpressive earnings take toll on trading

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The dual impact of depressed sentiment and unimpressive earnings affected trading on the Nigerian Stock Exchange (NSE) on Thursday.

Consequently, the market capitalisation dropped to N13 trillion mark, losing N87 billion or 0.62 per cent to close at N13.965 trillion against N14.052 trillion posted on Wednesday.

Consolidated Hallmark Insurance followed with 6.90 per cent to close at 27k, while NPF MicroFinance lost 6.25 per cent to close at N1.05 per share. Conversely, Jaiz Bank dominated the gainers’ table in percentage terms with 9.43 per cent, to close at 58k per share. United Bank for Africa accounted for 25.50 million shares worth N177.20 million, while FBN Holdings transacted 18.61 million shares valued N99.21 million.

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