The Nigerian equities market returned to negative territory on Thursday with the All-Share Index declining by 3.12 per cent due to price depreciation in blue chips.
Specifically, the All-Share Index dipped 711.06 points, representing 3.12 per cent, to close at 22,078.58 compared with 22,789.64 on Wednesday.
Analysts at Afrinvest Limited expected the bearish trend to persist given the current global pandemic, noting, however, that there were opportunities for bargain hunting.Africa Prudential recorded the highest price gain in percentage terms, growing by 9.91 per cent, to close at N3.55 per share. The total volume of shares traded fell by 21.7 per cent as investors bought and sold 525.85 million valued at N4.74 billion exchanged in 5,450 deals.
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