The Nigerian equities market extended its bearish trend on Thursday, marking the fourth consecutive session of losses as investors’ wealth declined by N580 billion.
Meanwhile, investors traded 8.403 billion shares worth N115.501 billion in 115,801 transactions this week.
The financial services industry led the activity chart with 6.399 billion shares valued at N71.807 billion traded in 54,799 transactions.
NNPC’s retail outlets sell at N617 per litre, while the independent marketers sell between N660 and N900 per litre.
Similarly, the market capitalisation, which opened at N49.284, rose by N1.005 trillion or 2.04 per cent to close at N50.289 trillion.
Also, the All-Share Index was up by 353.82 points or 0.7 per cent to close at 51,222.34 compared to 50, 868.52 on Thursday.
The market capitalisation grew by N432 billion to N26.761 trillion from N26.33 trillion recorded on Thursday.
The market negative performance was driven by price depreciation in large and medium capitalised stocks.
The negative performance was driven by stocks such as Eterna, Dangote Sugar Refinery, Nigerian Breweries, Oando and Ecobank.
Specifically, the All-Share Index dipped 57.03 points or 0.15 per cent to close at 38,911.31 from 38,968.34 recorded on Wednesday.
