Transactions on the equities market of the Nigerian Exchange closed in the negative territory on Wednesday as the benchmark index dropped by 0.43%.
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The all-share index depreciated by 0.43%, or 288.69 basis points to close at 66,482.28 points as against 66,770.97 points on Tuesday while the market capitalisation shed N158 billion to close at N36,386 trillion compared to N36,544 trillion recorded the previous day.
The day’s trading saw a total of 657. 51 shares valued at N4.6 billion traded in 6,646 deals which got the market closing with 29 gainers relative to 22 losers.
Oando led the gainers with 9.88% share price appreciation to close at N9.45k and was followed by Red Star Express with 9.81% gain and a closing price of N2.91k then Tripple Gee & Co gained 9.68% to close at N2.38k.
On the other hand, Wema Bank shares lost 10% to close trading at N4.23k. It was followed by Ikeja Hotel also with 10% loss and a closing price of N3.15k and Associated Bus Company with 8.86% loss and a closing price of 0.72k.
Universal Insurance Company recorded the highest volume of 336 million traded shares followed by Fidelity Bank with 31.7 million shares.
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