It was yet another bearish session on the floor of the Nigerian stock market on Wednesday as down trend extends further admits profit taking.
The All Share Index dropped by 2.31% to close at 44,318.15 points from the previous close of 45,366.32 points.
The Market Capitalisation was down by 2.31% to close at N24.139 trillion from the previous close of N24.710 trillion, thereby shedding N571 billion.
An aggregate of 165 million units of shares were traded in 3,183 deals, valued at N3.67 billion.
The Market Breadth closed negative as 16 equities emerged as gainers against 17 equities that declined in their share prices.
Percentage Gainers
Fidelity Bank led other gainers with 9.74% growth to close at N3.83 from the previous close of 3.49.
Jaiz Bank, Mutual Benefits and AIICO Insurance among other gainers also grew their share prices by 7.06%, 6.90% and 5.56% respectively.
Percentage Losers
Airtel Africa led other price decliners as it shed 10.00% of its share price to close at N1,312.20 from the previous close of N1,458.00.
MRS, Ikeja Hotel and Northern Nigerian Flourmills among other price decliners also shed their share prices by over 9.00%.
Volume Drivers
FBNH traded about 48 million units of its shares in 99 deals, valued at about N461.8 million.
GTCO traded about 18.5 million units of its shares in 434 deals, valued at N344 million.
Zenith Bank traded about 6 million units of its shares in 231 deals, valued at N128.9 million.