Business activities in the Nigerian domestic stock market entered the negative zone on Wednesday due to losses in 32 equities after the Independence holiday.
The decline reversed the gains recorded on Monday on market capitalisation which dropped by 0.33 percent to close N56.447 trillion as investors lost N187 billion.
Consequently, the All-Share Index of listed equities depreciated by 326.4 basis points, representing 0.33 percent decline to close at 98.232.39 points lower than the 98,558.79 of the previous session.
The day’s trading session ended with 29 gainers relative to 32 decliners.
Investors witnessed a total of 425.76 million units of shares that exchanged hands in 11,954 deals.
On price gain, International Breweries led the gainers list with a 9.98 percent profit on its share price to close at N4.41k.
Meyer followed with a 9.94 percent gain on its share price to close at N8.52k; while Veritas Kapital Assurance gained 9.93 percent to close at N1.66k per share.
On the other hand, ELLAHLAKES led the losers chart with a drop of 9.93 percent to close at N3.99k per share.
Caverton Offshore Support Group followed with a 9.92 percent loss in its share price to close at N2.18k then; ABCTRANS share price dropped by 9.57 percent to close at N1.04k.
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