The Nigerian equity market saw an N671bn decrease at the end of Thursday’s trading session, mostly as a result of Dangote Cement’s performance.

The exchange’s all-share index and market capitalisation closed at N55.8tn and 97,064.42, respectively, down 1.19 percent.

This decrease amounts to a 1.94 percent weekly loss, a 0.2% weekly gain over the course of four weeks, and a 29.81 percent year-to-date gain.

Additionally, a total of 8,565 deals involving 268,394,149 million shares were completed, with a market value of N6.76 billion. In comparison to the prior trading day, this data shows a 37% drop in volume, a 20% fall in turnover, and a 28% decline in deals.

There were 119 listed stocks that were traded today, resulting in 23 winners and 28 losers. The biggest gainer was Seplat Petroleum Development Co., whose share price increased by 10%. Other noteworthy winners were Caverton Offshore Support Group (up 9.63%), Regency Alliance Insurance (up 9.76%), and Livestock Feeds (up 9.93%).

With a 10% end-of-day price depreciation, Dangote Cement and McNichols, on the other hand, had the most decline. Additional significant losers are UPDC Real Estate Investment Trust (-4.72%) and Secure Electronic Technology (-7.58%).

After Zenith Bank (19 million), Deap Capital Management & Trust (13.9 million), and Sterling Bank (13.1 million), United Bank for Africa reported the largest volume of shares traded at 37.1 million.

Following the Nigerian independence public holiday, the Nigerian Stock Exchange reopened for business on Wednesday, suffering a N188 billion loss. The market capitalisation was N56.5 trillion, and the all-share index closed at 98,232.39, down 0.33 percent from the previous day.

In 11,954 deals, investors exchanged 425,764,914 million shares valued at N8.45 billion. Compared to Monday’s numbers, the volume of shares traded decreased by 27%, turnover improved by 7%, and the number of deals grew by 13%.