The Nigerian Stock market further declined by 1.14 percent on Wednesday after the like of Dangote Cement, Dangote Flour, Dangote Sugar, majority of tier one bank stocks closed the day lower, dragging the All-Share Index to settle at 27,314.87 points, below Monday’s close of 27,630.56 points.
The market capitalization closed at N13.297 trillion, shedding N153 billion against N13.450 trillion it close previously.
Volume of shares traded declined by 9.76% to about 175 million units from about 194 million units traded the previous session.
Consequently, about N2.5 billion worth of transaction was recorded against about N3 billion recorded previously, this represents 16.18% decline while the numbers of deals increased by 21.62% from 2,910 on Monday to close the day at 3,539.
Market Breadth
11 stocks closed in green against 24 which closed red, bringing the market breadth to a negative round off.
Percentage Gainers
NEIMETH tops gainers list with 10.00% growth to close at N0.44 from N0.40 it traded last. This is followed by Continental Insurance, ABC Transport, WAPIC and Honeywell flour mills, all gaining above 5.00% of their share prices.
Percentage Losers
FIDSON tops the losers’ chart, losing 10.00% of its share price ahead of other 23 stocks that declined in stock value at the end of the day’s trading session.
Volume Drivers
Guaranty Trust traded about 25 million units of its share, valued at N684 million in 279 deals.