Nigerian stock market on Wednesday declined as weight shedding in MTN Nigeria and other 13 stocks drives the market downward.
The All Share Index was down by 0.32% to close at 96,203.65 points from the previous close of 96,510.13 points.
The Market Capitalisation declined by 0.32% to close at N55.261 trillion from the previous close of N55.437 trillion, thereby shedding N92 billion.
An aggregate of 446.6 million units of shares were traded in 10,148 deals, valued at N4.5 billion.
The Market Breadth closed positive as 35 equities emerged as gainers against 14 equities that declined in their share prices.
Percentage Gainers
Industrial & Medical gases of Nigeria led other gainers with 10.00% growth
to close at N26.40 from the previous close N24.00
CHAMS and OAND among other gainers also grew their share prices by 9.95% and 9.94% respectively.
Percentage Losers
NEIMETH led other price decliners as it sheds 9.09% of its share price to close at N2.00 from the previous close of N2.20.
TANTALIZER and MTN Nigeria among other price decliners also shed their share prices by 8.64% and 7.91% respectively.
Volume Drivers
JAPAULGOLD traded about 52 million units of its shares in 595 deals, valued at N145 million.
Prestige Assurance traded about 36 million units of its shares in 86 deals, valued at N19.5 million.
ACCESSCORP traded about 19 million units of its shares in 456 deals, valued at N356.6 million.