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.

On the flip side, FTN Cocoa Processors led the gainers’ chart by 10 percent, ending the session at N6.05; RT Briscoe followed by 9.95 percent, settling at N11.38, while Deap Capital Management, Japaul Gold Ventures, and Omatek Ventures followed.

Meanwhile, market activity recorded an overall decline, with total volume, total value, and deals down by 36.01 percent, 30.58 percent, and one percent, respectively.

A total of 868.5 million shares worth N31.5 billion were traded across 69,310 deals, compared with 1.4 billion shares valued at N46.2 billion that were exchanged in 70,222 transactions earlier on Wednesday.

Jaiz Bank recorded the highest volume with 78.94 million shares traded, accounting for 9.09 percent of the day’s total volume.

Zenith Bank recorded the highest value at N4.06 billion, accounting for 12.89 percent of the value traded for the day.

DAILY POST reports that on Tuesday and Wednesday investors recorded N1.141 trillion and N74 billion, respectively.