Prevailing sell pressures in many large cap stocks like DANGCEM which lost 3.60%, NESTLE which lost 0.36%, NB which lost 1.02%, GUARANTY which lost1.86% and ZENITH which lost 0.16% drags the Nigerian Stocks market to a 1.51% negative close on Wednesday.
The All Share Index closed at 42,952.70 points as against 43,609.77 points of the previous trading session, losing 657.07 points.
Investors lost about N236b as market capitalisation declined to N15.430 trillion
as against N15.666 trillion of the previous trading session.
All other market indices went south as volume and value traded declined by
39.32 percent and 13.14 percent to settle at 270.331 million and 5.179 billion respectively.
Market breadth closed positive as 26 stocks closed positive as against 23 stocks that closed negative.