The equities market yesterday reversed the winning trend, concluding the week on a negative note as investors lost N73 billion.
Today, Friday June 12 was declared a national holiday by the federal government, and the market traded for only four days this week.
NAN says that the decline was influenced by continuous sell-offs in banking and insurance companies which dominated the overall market performance.
Market capitalisation lost 0.05 per cent to close at N156.969 trillion from N157.042 trillion posted in the previous session.
The All-Share Index also fell 133.47 points or 0.05 per cent to close at 244,738.74 against 244,852.21 posted yesterday.
Market returns as of the year-to-date dipped to 57.27 per cent with market breadth ending unchanged at 32 advances and 32 declines.
International Energy Insurance was the biggest loser, sliding by 10 per cent to finish at N7.11 per share.
May and Baker followed suit, down 8.51 per cent to close at N43, while Tripple Gee fell 8.47 per cent to close at N4 per share.
Abbey Mortgage Bank plummeted 7.69 per cent to conclude at N11.40 while AXA Mansard declined 6.67 per cent to close at N12.60 a share.
Enamelware, Learn Africa, Consolidated Hallmark and University Press all gained 10 per cent to top the gainers’ leaderboard.
The stocks closed at N40.70, N11, N8.25 and N5.50 per share accordingly.
ABC Transport appreciated 9.86 per cent, closing at N7.80 per share at the end of the session.
A total of 49,807 deals were executed with 1.70 billion shares valued at N52.81 billion.
This was compared with 1.23 billion shares worth N38.84 billion that traded in 54,193 deals in the previous session.
FCMB dominated the volume chart with 584.87 million shares traded, accounting for 33.99 percent of the total market volume.
Access Corporation led the value chart with deals totalling N13.95 billion, or 26.41 per cent of the total market value traded.
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