Nigerian stock market on Wednesday declined admits profit taking in 62 stocks.
The All Share Index dropped by 1.40% to close at 82,024.38 points from the previous close of 83,191.84 points.
The Market Capitalisation declined by N639 billion to close at N44.885 trillion from the previous close of N45.524 trillion.
An aggregate of 1.6 billion units of shares were traded in 20,223 deals, valued at N25 billion.
The Market Breadth closed negative as 13 equities emerged as gainers against 62 equities that declined in their share prices.
Percentage Gainers
CADBURY led other gainers with 9.92% growth to close at N19.95 from the previous close of N18.15.
VERITAS KAPITAL and Linkage Assurance among other gainers also grew their share prices by 9.76% and 8.70% respectively.
Percentage Losers
FTN Cocoa, CAVERTON, Cornerstone, Consolidated Hallmark Insurance Holding, CHAMS and May & Baker led other price decliners as they shed 10.00% each of their share prices.
UBA, Ikeja Hotel and UCAP among other price decliners also shed their share prices by 9.97%, 9.95 and 9.95% respectively.
Volume Drivers
TRANSCORP traded about 117.6 million units of its shares in 1,306 deals, valued at N1.5 billion.
ACCESSCORP traded about 116.6 million units of its shares in 1,202 deals, valued at N3 billion.
Sterling traded about 116 million units of its shares in 857 deals, valued at N774.9 million.