The Nigerian Exchange Limited closed trading on Thursday on a slightly bearish note, extending a multi-day pullback. The All-Share Index declined by 949.71 points, or 0.39 per cent, to close at 243,017.38 points, down from the 243,967.09 points recorded on Wednesday.
In tandem with the index decline, total equities market capitalisation contracted by N613.08bn to settle at N156.88tn.
Selling pressure was broad-based across major market sectors, as reflected in the sectoral indices. The NGX Main-Board Index slid to 10,939.43, while the NGX 30 Index dropped to 8,907.98. Banking equities recorded a soft retreat, with the NGX Banking Index dipping to 2,553.87.
The Insurance Index fell to 1,145.85, Consumer Goods decreased to 4,056.39, Industrial Goods slipped to 10,379.12, and the Growth Index contracted to 27,380.30. The Sovereign Bond Index remained unchanged at 668.35.
Market sentiment closed negative, as decliners comfortably outnumbered advancers across the trading floor.
Overall equities activity saw 4.24 billion shares exchanged across 41,389 transactions.
The equities market gainers were led by International Energy Insurance Plc, which advanced 10.00 per cent to close at N4.84, gaining N0.44. John Holt Plc followed closely, adding 9.89 per cent to settle at N10.00, while Trans-Nationwide Express Plc grew 9.75 per cent to end the session at N2.59.
SUNU Assurances Nigeria Plc appreciated 8.48 per cent to close at N3.58, and NEM Insurance Plc rounded out the top performance chart with a 6.25 per cent rally to N34.00.
On the losing side, Unilever Nigeria Plc led the decliners after shedding 9.97 per cent to close at N118.30, down by N13.10. Chellarams Plc plummeted 9.66 per cent to N10.75, while Chapel Hill Denham NIDF dropped 9.55 per cent to N147.70.
DAAR Communications Plc recorded a decline of 9.25 per cent to close at N1.57, and Cornerstone Insurance Plc sank 9.09 per cent to finish at N5.00.
Large-cap and tier-one banking counters displayed mixed movements throughout the trading session. United Bank for Africa Plc advanced 1.21 per cent to N46.00, and Ecobank Transnational Incorporated gained 3.64 per cent to reach N74.00.
On the other hand, Zenith Bank Plc slipped 2.24 per cent to N122.00, and Access Holdings Plc declined 3.28 per cent to settle at N26.50.
Trading in Exchange Traded Products logged 746 trades with 307,433 units executed. Top gains in the segment were led by The SIAML Pension ETF 40, which rallied 8.20 per cent to close at N2,600.00, and Meristem Value ETF, which added 1.54 per cent to end at N132.00.
Conversely, Vetiva Banking ETF fell 3.31 per cent to N34.81, and VSPBond ETF dropped 3.06 per cent to N222.00.
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