The Nigerian equities market, on Thursday, August 11, failed to sustain previous day gain as the bears resurfaced on the bourse when investors booked profit.
Specifically, the market capitalisation shed N49 billion, in spite of the 25k interim dividend announced by Zenith Bank for the half-year ended June 30.The performance increased the Year-to-Date losses to 4.75 per cent.
The market capitalisation lost N49 billion or 0.51 per cent, to close at N9.369 trillion, as against the N9.418 trillion recorded on Wednesday, August 10.
Zenith Bank reported its half year result for the period ended June 30, 2016, declaring an interim dividend of 25 kobo per share. Despite this, the bank stock declined by 2.50 to close at N15.60 per share.
Transactions in the shares of Zenith Bank topped the activity chart with 42.29 million shares valued at N652.63 million. Guaranty Trust Bank followed with 39.21 million shares worth N962.77 million, while Access Bank traded 37.35 million shares valued at N208.62 million.
In all, a total of 243.61 million shares worth N2.56 million were transacted by investors in 3,647 deals in contrast with a turnover of 391.37 million shares valued at N3.39 billion, achieved in 3,103 deals on Wednesday.
