The Nigerian equity market on Wednesday after 12 straight days of gain succumb to profit taking as the All Share Index declined by 0.95% to settle at 28,634.35 points from the previous close of 28,909.37 points.
Market capitalization dropped by 0.95% to close at N14.967 trillion from the previous close of N15.110 trillion thereby shedding N143 billion.
An aggregate of 832.88 million units of shares were traded in 9,180 deals, valued at N9.54 billion.
Market Breadth
Market Breadth closed negative as 21 stocks gained against 31 stocks that declined in their share prices.
Percentage Gainers
Berger Paint led other gainers with 9.84% growth to close at N6.70 from the previous close of N6.10.
Linkage Assurance, NASCON, Mutual Benefit Assurance and CAP Plc among other gainers also grew their share prices by 9.76%, 9.59%, 9.52% and 9.36% respectively.
Percentage Losers
Unilever led other price decliners as it shed 9.89% of its share price to close at N12.30 from the previous close of N13.65.
Cornerstone Insurance, Ecobank and UAC Property among other price decliners also shed their share prices by 9.09%, 8.89% and 8.14% respectively.
Volume Drivers
- FBN Holdings traded about 128.79 million units of its shares in 743 deals, valued at N789.81 million.
- Zenith Bank traded about 120.62 million units of its shares in 1,324 deals, valued at N2.44 billion.
- UBA traded about 83.98 million units of its shares in 647 deals, valued at N577.16 million.