It was a bearish session on the floor of the Nigerian stock market on Wednesday as MTN Nigeria that contributed largely to the growth of the market on Tuesday closed lower, thereby pushing the market down alongside Bua cement, Nigerian Breweries and few other stocks on the red table.
The All Share Index was down by 0.06% to close at 50,594.97 points from the previous close of 50,626.04 points.
The Market Capitalisation declined by 0.06% to close at N27.284 trillion from the previous close of N27.301 trillion, thereby shedding N17 billion.
An aggregate of 121 million units of shares were traded in 4,369 deals, valued at N4.2 billion.
The Market Breadth closed positive as 22 equities emerged as gainers against 15 equities that declined in their share prices.
Percentage Gainers
LASACO Assurance led other gainers with 10.00% growth to close at N0.99 from the previous close of 0.90.
UPDC and HONEYWELL FLOUR among other gainers also grew their share prices by 9.71% and 9.69% respectively.
Percentage Losers
LEARNAFRICA led other price decliners as it shed 10.00% of its share price to close at N2.34 from the previous close of N2.60.
University Press, Cornerstone Insurance and Unity Bank among other price decliners also shed their share prices by 9.79%, 9.33% and 4.26% respectively.
Volume Drivers
MTN traded about 10.4 million units of its shares in 414 deals, valued at N2.2 billion.
FBNH traded about 9.5 million units of its shares in 163 deals, valued at N104 million.
Zenith Bank traded about 8.4 million units of its shares in 353 deals, valued at N178.9 million.