The Nigerian Bourse on Wednesday closed in red as the All Share Index declined further by 2.21% to close at 32,466.27 points from the previous close of 33,167.88 points on Tuesday.
Market capitalisation dropped by 2.11%, closing at N11.853 trillion as against the previous close of N12.109 trillion on Tuesday, thereby shedding N256 billion.
The volume and value of traded stocks declined by 31.26% and 37.19% to close at 212.5 million units and N3.77 billion respectively.
15 stocks gained as against 30 that lost bringing the market breadth to a negative round off.
Regency Alliance Insurance, Newrest ASL Nigeria Plc (Airservice), and International Breweries led other percentage gainers, gaining 10% each to close at N0.22, N6.6 and N33.55 respectively.
Linkage Assurance and Jaiz Bank also gained 9.52% and 8.70% among others on the gainers’ list.
Stanbic IBTC and Union Diagnostics both top the losers’ chart, shedding 10% of their share prices.
Other stocks on the losers’ charts include: Dangote Cement, Dangote Flour, GLAXOSMITH, Fidson, Honeywell Flour, Dangote Sugar, FBNH, Transcorp, UBA, FCMB, Guaranty Trust Bank, Zenith Bank, Access Bank, Union Bank and Fidelity Bank among others.
- Guaranty Trust Bank traded about 43.6 million units of its shares in 196 deals, valued at N1.63 billion
- Zenith Bank traded about 29.6 million units of its shares in 291 deals, valued at N695.8 million