Nigeria’s equities market sustained its bearish trend on Wednesday as the negative trend recorded on Tuesday continued with the market index closing in the red at 0.57%.
The All-Share index depreciated by 0.57% or 221.98 basis points to close at 39.045.13, compared to 39,267.11 on Tuesday, while the market capitalization shed N416 billion to close at N20.428 trillion recorded on Tuesday.
The market sentiment was also in the negative as Wednesday’s trading recorded 24 losers relative to 18 gainers.
The gainers table had Link Assurance on top as it gained N0.06k to close trading at N0.66k. Meyer followed with N0.4k gain to close at N0.45k, while Prestige gained N0.4k to close at N0.45k.
On the flip side, Daarcomm lost N0.02k to close at N0.20k; thus topping the losers’ chart while Wema Bank was next with N0.05k loss to close at N0.57k. UPL lost N0.09k to close at N1.07k.
Wemabank dominated trading activities with 94,047 million shares worth N53,370 million, followed by UBN with 78,908 million shares worth N418,204 million.
Amaka E. Nliam
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