NGX Equities All Share Index Drops by 0.2 Percent 

Business activities on the floor of the Nigeria Exchange Group Limited, NGX, ended on the red lines on Wednesday as major indices reversed gains of the previous day with a 0.2 percent decline.

The mid-week trade saw the market capitalisation shedding over N46 billion to close at N28,658 trillion showing a 0.2 percent drop from the N28,704 trillion recorded on Tuesday.

Conquently, the All-Share Index of listed equities depreciated by 85.8 absolute points, representing a 0.2 percent decline to close at 52,615.51 compared to the 52,701.31 of the previous day.

Wednesday’s session ended with a total volume of 217, 49 million units of shares that exchanged hands in 3, 377 deals.

The market sentiment, as measured by market breadth, ended negative with 21 losers as against 17 gainers.

CHELLARAM came tops on the gainers table with the highest price gain of 9.77 percent on its shares  to close at N1.46k.  CHIPLC followed with a 9.52 percent gain on its share price to close at N0.69k while LINKAGE Assurance had a 9.02 percent gain on its share price to close at N0.48k.

On the other hand, FTN Cocoa Processors led the losers list with a 6.97 percent loss on its share price to close at N0.28k followed by ABCTRANS which had a 6.45 percent loss to close at N0.29k. Then Livestock Feeds had a 5 percent loss to close at N1.14k.