Nigerian bank Jaiz Bank, Ikeja Hotel, Cadbury, and thirty-five other stocks pushed the Nigerian stock market to a third consecutive loss of N515 billion on Thursday.
Details of Nigerian Exchange Limited showed that capitalization, which opened at N124.753 trillion, lost N515 billion to close at N124.238 trillion on Thursday.
Also, the All-Share Index fell by 0.41 percent, or 802.39 points, settling at 193,567.81 compared to 194,370.20 recorded on Wednesday.
As a result, the Year-To-Date (YTD) return decreased to 24.39 percent, leading to market breadth closing negative with 38 losers and 30 gainers.
On the losers’ table, Jaiz Bank led by 9.98 percent, closing at N12.63; Ikeja Hotel and John Holt trailed by 9.90 percent each, ending the session at N37.75 and N8.65 per share, respectively. Also, Nigerian Enamelware lost 9.88 percent, finishing at N36.50, and Cadbury dipped by 9.69 percent, settling at N61.95 per share.