NSE: Trading maintains losing streak

The Nigerian Stock Exchange (NSE) on Thursday extended its losing streak to four consecutive trading days with the All-Share Index declining by 0.09 per cent.

Specifically, the index shed 24.88 points or 0.09 per cent to close at 26,913.70 compared with 26,938.58 on Wednesday.

Also, the market capitalisation lost N13 billion to close lower at N12.989 trillion in contrast with N13.002 trillion on Wednesday.

The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are Arbico, Fidson Healthcare, Access Bank, Med-View Airline and FBN Holdings.

Market breadth closed negative with eight gainers compared with 19 losers.

An analysis of the price movement chart showed that Cornerstone Insurance and Med-View Airline led the losers’ chart in…

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