The Nigerian stock market closed on a negative note on Thursday with key performance indicators dropping by 0.4 per cent.
This is after a three-day consecutive uptrend.
The market capitalisation dropped by N308 billion, or 0.4 per cent, closing at N76.453 trillion, down from N76.761 trillion recorded on Wednesday.
Also, the All-Share Index shed 485.01 points or 0.4 per cent, closing at 120,772.68 from the previous close of 121,257.69.
The downward trend was driven by profit-taking among investors.
Similarly, the market breadth closed negative with 37 losers and 33 gainers.
Thomas Wyatt Nigeria led the losers’ chart, declining by 10 per cent, closing at N2.07 while Nigerian Aviation Handling Company dropped at 9.99 per cent, settling at N91 per share.
Oando Plc fell by 9.96 per cent, closing at N61.90 and ABC Transport lost by 8.92 per cent, finishing at N2.45 per share.
Similarly, Champion Breweries shed by 8.34 per cent, closing at N10 per share.
On the gainers’ chart, SFS Real Estate Investment Trust rose by 10 per cent, closing at N249.25 while Unilever also soared by 10 per cent, settling at N51.70 per share.
Neimeth International Pharmaceutical increased by 9.98 per cent, ending the session at N5.40 and UACN gained by 9.97 per cent, finishing at N38.05 per share.
Also, CAP Plc grew by 9.92 per cent, settling at N47.10 per share.
A total of 892.97 million shares worth N18.23 billon was exchanged across 25,375 transactions.
This is in contrast with 861.67 million shares worth N26.18 billion that was exchanged across 22,896 transactions earlier on Wednesday.
Transactions in the shares of Ellah Lakes topped the activity chart with 113.49 million shares worth N851.09 billion.
Access Corporation followed with 76.19 million valued at N1.74 billion while Caverton Offshore Support Group sold 64.86 million shares worth N334.83 million.
Ja Paul Gold traded 61.56 million shares valued at N126.66 million and Zenith Bank transacted 60.30 million shares worth N3.47 billion.
