The bearish trend which began in the Nigerian Stock Exchange (NSE) on Monday continued on Wednesday, making it the third consecutive day of loss.
The benchmark index declined by 1.96 percent, making the market capitalization shed N426 billion to close at N21.289 trillion from N21.715 trillion on Wednesday, while the All-share index fell by 1.96 percent or 814.15 basis points to close at 40,696.01 points as against 41,510.16 on Tuesday.
Wednesday’s trading saw investors exchange 366.85 million deals worth N5.48 billion in 5,718 deals, while the market recorded 37 losers relative to 13 gainers at the close of trading.
Nigerins topped the gainers chart with 2k gain to close at 22k, followed by Champion with 27k gain to close at N3.02k and WAPIC which gained 4k to close at 58k.
Conversely, Fidson lost 60k to close at N5.40k to lead the losers chart while CAP lost N2.00 to close at N18.00 and Regalins lost 3k to close at 27k.
Zenith Bank dominated activity chart as it traded 43,741 million shares valued at N1.1 billion followed by First Bank Nigeria Holdings with a trade value of N289.260 million from 40.029 million shares.
