Transactions on the floor of the Nigerian Stock Exchange, NSE, on Thursday, February 8, remained stuck in south following the intense sell-off launched by investors.
As such, the All-Share Index, ASI tumbled by 0.49 or 211.27 points to finish at 43,326.89 points, bringing the year-to-date gain to 13.29 percent. Meanwhile the market capitalisation dropped by N75.8 billion to close at N15.548 trillion.
Market breadth closed negative for the fourth straight trading session this week with 18 price advancers paired against 26 losers.
Nestle sat atop the laggards’ chart sliding by N70.20k of its share value to settle at N1,372.80k per share. Nigerian Breweries followed with a loss of N4.60k to close at N137.40k per share, and Stanbic IBTC, depreciated by 30k to close at N45.5k per share.
Union Bank dropped 20k to finish at N8.25k per share, while FBN Holdings went down by 20k to close at N12.55k per share.
Conversely, Forte Oil appreciated by N2.25k to close at N48.20k per share, while International Breweries jumped by N1.50k to finish at N59 per share.
Dangote Cement soared by N1 to end at N265 per share, Flour Mills grew by 80k to settle at N33 per share, and Cadbury Nigeria improved by 65k to close at N15.50k per share.
The Financial Services sector topped the activity chart after selling a total of 2.2 billion shares worth N6.03 billion, while the Consumer Goods sector followed with 21.2 million shares traded for N908 million.
Sterling Bank shares at the stock market recorded high volume of trade, trading a total of 1.8 billion units worth N3.8 billion.
Skye Bank sold 111.2 million equities for N113.7 million, while UBA exchanged 43 million units valued at N531.4 million.
Jaiz Bank transacted 32.6 million shares worth N33.7 million, while FCMB traded 32.5 million equities valued at N89 million.
At the end of trading, the volume and value of shares exchanged by investors leaped by 336.94 percent and 63.98 percent respectively. Also, total of 2.2 billion shares worth N7.5 billion were traded by investors on Thursday in 5,468 deals in contrast to the 508.3 million equities sold on Wednesday in 6,155 deals valued at N4.6 billion.