Nigerian stock market on Wednesday declined admits profit taking in MTN Nigeria and 17 other stocks,
The All Share Index dropped by 0.11% to close at 105,475.38 points from the previous close of 105,593.28 points.
The Market Capitalisation declined by N74 billion to close at N66.141 trillion from the previous close of N66.215 trillion.
An aggregate of 5.76 billion units of shares were traded in 10,908 deals, valued at N342.6 billion.
The Market Breadth closed positive as 31 equities emerged as gainers against 18 equities that declined in their share prices.
Percentage Gainers
Mutual Benefits led other gainers with 10.00% growth to close at N0.88 from the previous close of N0.80.
Royal Exchange and Nem Insurance among other gainers also grew their share prices by 9.88% and 9.84% respectively.
Percentage Losers
UHMOREIT shed 9.93% of its share price to top the losers’ chart after closing the day’s trading at N51.25 from the previous close of N56.90.
ABC Transport and Universal Assurance among other price decliners also shed their share prices by 9.80% and 8.33% respectively.
Volume Drivers
Sovereign Trust Insurance traded about 607 million units of its shares in 48 deals, valued at N607 million.
CUTIX traded about 358 million units of its shares in 96 deals, valued at N860 million.
Fidelity Bank traded about 62 million units of its shares in 505 deals, valued at N1.17 billion.