It was another day of losses on the Nigerian equities market on Wednesday as losses from the first trading day on Tuesday persisted making the benchmark index to drop by 0.64 percent.
The all share index dropped 0.64 percent or 338.24 points to close at 52,775.40 points as against 53,113.64 on Tuesday while the market capitalisation depreciated by N183 billion to close at N28,451 trillion compared to N28,634 trillion recorded the previous day.
At the end of the day’s trading session, a total of 188,09 million shares with market value of N2.36 billion were traded in 4,890 deals.
The market sentiment also closed negative as trading closed with 11 gainers and 26 losers.
Tripple Gee and Company led the gainers with 9.2% share price appreciation to close at NGN 0.95k per share, followed by Learn Africa with 5.49% appreciation and a closing price of N2.50k and Unity Bank with share price appreciation of 2.13% to close at N0.48k.
On the other hand,Meyer came out last with a price depreciation of 10% at NGN 2.79 per share, followed by Linkage Assurance with 8.93% loss and a closing price of N0.51k then Union Bank Nigeria followed with 7.69% depreciation and a closing price of N6.00.
United Bank for Africa recorded the highest volume of 36.4 million traded shares, followed by Guaranty Trust Holding with 24. 4 million shares.
Hauwa Abu
