Trading of equities on the floor of the Nigerian Exchange on Wednesday closed on a bearish note shedding 1.31%. This is occasioned by profit taking in 52 stocks by investors.
The All Share Index closed at 99,266.02 points, down by 1.31% against the previous close of 100,582.89 points.
The Market Capitalisation closed at N54.317 trillion, down by 1.31% from the previous close of N55.038 trillion, thereby losing N721 billion.
An aggregate of 396.2 million units of shares were traded in 10,549 deals, valued at N5.83 billion.
The Market Breadth closed negative as only 5 stocks gained against 52 stocks that declined in their share prices.
GAINERS
Only 5 gainers emerged at the close of trade on Wednesday. This include PZ leading the gainers chart with 10% growth, closing at N29.15 from the previous close of N26.50.
Other gainers include: Juli Plc 9.93%, AXA Mansard Insurance 1.53%, NAHCO 0.69% and NPF Microfinance Bank 0.55% respectively.
LOSERS
Wema Bank, Lafarge Africa (WAPCO), Sterling, FCMB, Redstar Express, The Initiate Plc, Nigerian Breweries and Oando shed their share prices by 10% respectively.
Several other stocks including FBN Holdings, Access, UBA, GTCO, Zenith among others shed their share prices by 9.97%, 9.82%, 8.89%, 8.75% and 5.94% respectively.
VOLUME DRIVERS
- Transcorp traded about 52.57 million units of its shares in 597 deals, valued at N675.58 million
- UBA traded about 39.47 million units of its shares in 816 deals, valued at N823.93 million
- Access Holdings traded about 35.29 million units of its shares in 796 deals, valued at N620.91 million