The Nigerian stock market on Wednesday closed on a bearish note, occasioned by profit taking in MTN and 25 other stocks.
The All Share Index to decline by 0.64% to close at 52,775.40 points from the previous close of 53,113.64 points.
The Market Capitalisation dropped by 0.64%, closing at N28.452 trillion from the previous close of N28.634 trillion, thereby shedding N182 billion
An aggregate of 188 million units of shares were traded in 4,890 deals, valued at N2.36 billion.
The Market Breadth closed negative as 11 equities emerged as gainers against 26 equities that declined in their share prices.
Percentage Gainers
Tripple G Plc led other gainers with 9.20% growth, closing at N0.95 from the previous close of N0.87.
Learn Africa and Unity Bank among other gainers also grew their share prices by 5.49% and 2.13% respectively.
Percentage Losers
Meyer Plc led other price decliners as it shed 10% of its share price to close at N2.79 from the previous close of N3.10.
Linkage Assurance and Union Bank among other price decliners also shed their share prices by 8.93% and 7.69% respectively.
Volume Drivers
UBA traded about 36.42 million units of its shares in 177 deals, valued at N278.56 million.
GTCO traded about 24.39 million units of its shares in 449 deals, valued at N531.3 million.
FBNH traded about 17.62 million units of its shares in 223 deals, valued at N175.82 million.