Capital market indicators drop by 0.61%

Transactions on the Nigerian Stock Exchange (NSE) on Thursday ended on bearish note after two days of consecutive growth.
The News Agency of Nigeria (NAN) reports that the market capitalisation, which opened at N11.06 trillion, dropped by N67 billion or 0.61 per cent to close at N10.99 trillion.
Similarly, the All-Share Index lost 209.09 points or 0.61 per cent to close at 34,339.64 against the 34,548.73 recorded on Wednesday.
NewGold led the losers’ chart with N49 to close at N2,369 per unit. It was trailed by Nigerian Breweries with a loss of N9.99 to close at N159.01 per share.
Guinness lost N1 to close at N265 per share,while UAC-Property dropped 83k to close at N16.02 per share.
On the other hand, Okomu Oil Palm led the gainers’ table with N8.77 to close at N96.49 per share.
Presco followed on the gainers’ table with N2.25 to close at N24.75 per share.
Dangote Cement grew by N1.75 to close at N130.75, while Julius Berger gained 80k to close at N51.80 per share.
Mansard Insurance emerged the most sought equity with a total of 44.79 million shares valued at N114.02 million.
FCMB trailed with 37.81 million shares worth N188.61 million, while Sterling Bank accounted for 35.15 million shares valued N107.87 million.
In all, investors exchanged 418.60 million shares worth N4.26 billion in 6,888 deals.
NAN reports that this was in contrast to the 516.34 million shares valued at N6.45 billion traded in 7.898 deals on Wednesday.