The equities segment of the Nigerian Stock Exchange (NSE) reversed previous trading sessions’ gains on Wednesday as the All Share Index (ASI) dropped 0.11 percent to close at 27,223.08 points, increasing the year to date loss to 5.01 percent.
Similarly, all other sector indices closed in red, save for the Industrial Index that added 1.7 percent following a 5 percent growth in WAPCO.
Investors thus lost N10.1 billion as market capitalization dropped to N9.350 trillion, despite a sustained positive market breadth of 18 gainers to 15 losers.
Eco Transnational Incorporated Plc led the day’s declining stocks with a depreciation of 4.95 percent to close at N10.18 per share. Oando Plc followed with a loss of 4.89 percent to close at N4.47 per share and UAC-property Plc dropped 4.85 percent to close at N2.94 per share.
On the other hand, Champion Breweries Plc grew by 7.32 percent to close at N2.64 per share, Transcorp Plc added 6.90 percent to close at 93 kobo per share, and Airservice Plc increased by 5 percent to close at N2.31 per share.
The total volume traded increased by 8 percent to 202.7 million shares valued at N1.259 billion in 3,337 deals as against 187.6 million shares valued at N1.3 billion traded in 3,065 deals on Tuesday.
Transactions in the shares of FCMB topped the activity chart with 47.2 million shares valued at N51.4 million. Transcorp Plc followed, having traded 22.3 million shares worth N20.9 million, while Guaranty Trust Bank Plc traded approximately 20 million shares valued at N471.7 million.
