After two days of consecutive gains on the Nigerian Exchange (NGX), equities trading took a negative turn on Wednesday as the All-Share Index dropped by 0.26% to close the day in red.
The All-Share Index dropped by 0.26% or 121.94 basis points to close at 47,360.79 points as against 47,482.73 points on Tuesday.
The market capitalization also lost N66 billion to close at N25,524 trillion compared to N25,590 trillion the previous day.
Wednesday’s trading saw a total of 270.95 million shares valued at N4.16 billion traded by investors in 5,620 deals.
The Equities Market closed trading with 15 gainers and 34 losers with Royal Exchange leading the gainers with a gain of N0.15k and a closing price of N1.65k.
After it came Seplat Petroleum Development Company with a gain of N88.20k and a closing price of N1,034 and Multiverse Mining and Exploration with a gain of N0.02k and a closing price of N0.24k.
Conversely, Niger Insurance Company was top on the losers’ side having lost N0.03k to close at N0.27k followed by International Breweries with N0.55k loss and a closing price of N5.10k.
RT Briscoe was next with N0.07k loss and a closing price of N0.70k.
Transcorp Nigeria recorded the highest volume of 29.2 million shares followed by United Capital with 28.3 million shares.
