It was a bearish session on the floor of the Nigerian stock market on Wednesday as investors’ wealth dropped by N148 billion.
The All Share Index was down by 0.25% to close at 98,291.53 points from the previous close of 98,540.93 points.
The Market Capitalisation declined by 0.25% to close at N59.559 trillion from the previous close of N59.707 trillion, thereby shedding N148 billion.
An aggregate of 257.6 million units of shares were traded in 7,776 deals, valued at N8.99 billion.
The Market Breadth closed balanced as 23 equities emerged as gainers against 23 that declined in their share prices.
Percentage Gainers
DEAPCAP led other gainers with 10.00% growth to close at N1.32 from the previous close of N1.20.
UACN, Dangote Sugar and Champion Breweries among other gainers also grew their share prices by 9.90%, 9,69% and 9.65% respectively.
Percentage Losers
CUSTODIAN Plc led other price decliners as it shed 8.98% of its share price to close at N11.65 from the previous close of N12.80.
Okomu Oil, Consolidated Hallmark Holdings and ARADEL among other price decliners also shed their share prices by 6.86%, 6.62% and 5.85% respectively.
Volume Drivers
Fidelity Bank traded about 38 million units of its shares in 261 deals, valued at N559 million.
UBA traded about 34 million units of its shares in 543 deals, valued at N829 million.
GTCO traded about 17 million units of its shares in 382 deals, valued at N858 million.