The Nigerian stock market on Wednesday closed on a negative note as the All Share Index declined further by 0.94% to settle at 21,100.54 points, against the previous close 21,300.47 points on Tuesday.
Market Capitalisation likewise dropped by 0.94% to close at N10.997 trillion from the previous close of N11.101 trillion, thereby shedding N104 billion.
Aggregate volume of traded stocks closed at 154.55 million units, down by 63.38% from the previous close of 422 million units.
The value of traded stocks was N1.77 billion, up by 2.52% from the previous close of N1.72 billion.
The total number of deals at the close of trade was 3,415, down by 0.96% from the previous close of 3,448 deals.
Market Breadth
The market breadth closed negative as only 6 equities gained against 26 equities that declined in their share prices.
Percentage Gainers
MTN Nigeria led other percentage gainers with 9.33% growth, closing at N98.40 from the previous close of N90.00.
International Breweries and Livestock Feeds among other gainers also grew their share prices by 9.18% and 8.47% respectively.
Percentage Losers
Unilever led other price decliners, shedding 10% of its share price to close at N9.90 from the previous close of N11.00.
Dangote Cement, Guinness and Flour Mills of Nigerian among other price decliners also shed their share prices by 9.95%, 9.92% and 9.88% respectively.
Volume Drivers
Zenith Bank traded about 38.67 million units of its shares in 800 deals, valued at N443.55 million.
Guaranty Trust Bank traded about 22.25 million units of its shares in 477 deals, valued at N391 million.