Nigerian stock market on Wednesday declined admits profit taking in Cornerstone Insurance, RTBRISCOE and 38 other stocks,
The All Share Index dropped by 0.36% to close at 141,248.76 points from the previous close of 141,761.36 points.
The Market Capitalisation declined by N325 billion to close at N89.372 trillion from the previous close of N89.697 trillion.
An aggregate of 683 million units of shares were traded in 28,695 deals, valued at N22 billion.
The Market Breadth closed negative as 17 equities emerged as gainers against 40 equities that declined in their share prices.
Percentage Gainers
DEAPCAP led other gainers with 4.82% growth to close at N1.74 from the previous close of N1.66.
Legend Internet and Honeywell Flour among other gainers also grew their share prices by 4.63% and 4.17% respectively.
Percentage Losers
Cornerstone and RTBRISCOE shed 10.00% each of their share prices to top the losers’ chart after closing the day’s trading at N6.39 and N3.06 from the previous close of N7.10 and N3.40 respectively.
ABC Transport and NGXGROUP among other price decliners also shed their share prices by 9.80% and 9.70% respectively.
Volume Drivers
FCMB traded about 108 million units of its shares in 540 deals, valued at N1.2 billion.
Sterling Bank traded about 86 million units of its shares in 400 deals, valued at N688 million.
CUTIX traded about 46 million units of its shares in 625 deals, valued at N156 million.