A general drop among the sectoral indices, led to the negative run on the bourse, with the exception of the NSE Insurance Index that added 0.53 percent on account of a 2.59 percent growth in the shares of Axamansard Insurance Plc
Market breadth closed negative with 17 gainers and 20 losers. Ashaka Cement Plc led the days losers with a depreciation of 9.71 percent to close at N11.07 per share. Nascon Allied Industries Plc followed with a loss of 4.88 percent to close at N7.61 per share and UPL Plc dropped 4.88 percent to close at N4.09 per share.
On the other hand, Honeywell Flourmills Plc added 7.89 percent to close at N1.23 per share, May and Banker Plc added 4.76 percent to close at 88 kobo per share, and Learn Africa Plc increased by 3.95 percent to close at 79 kobo per share.
Transactions in the shares of May and Baker Plc topped the activity chart with 23.4 million shares valued at N20.6 million. Sterling Bank Plc followed, having traded 8.8 million shares worth N7.3 million, while Transcorp Plc traded 8.3 million shares valued at N7.7 million.
Market activity as measured by total volume traded dropped 44.5 percent to 112.5 million shares valued at N2.4 billion in 2,684 deals as against 202.7 million shares valued at N1.259 billion traded in 3,337 deals on Wednesday.
