Transactions on the floor of the Nigerian Stock Exchange, NSE, rested in the South on Wednesday, as market activities wobble under persistent sell pressure.
Consequently, the All Share Index lost 267.38 points to close at 28,221 basis points against a decline of 245.34 points recorded previously to close at 28,488.56 basis points, bringing the year to date returns to -1.47 percent
Market capitalisation also depreciated by N91.8 billion, settling at N9.692 trillion compared to N84.3 billion lost in Tuesday’s session after settling at N9.784 trillion.
Oando Plc led 27 decliners losers as it dropped 9.56 percent or 57 kobo to close at N5.39 per share, Law Union and Rocks Plc fell by 7.27 percent or 4 kobo to close at 51 kobo per share, while Transcorp Plc lost 7.24 percent or 11 kobo to close at N1.41 per share.
Stanbic IBTC Plc depreciated by 4.83 percent or 72 kobo to close at N14.20 per share while Fidson Healthcare Plc dropped 4.72 percent or 10 kobo to close at N2.02 per share.
Conversely, Skye Bank Plc led the day’s eight gainers for the third consecutive day after gaining 8.33 percent or 6 kobo to close at 78 kobo per share, Premium Breweries Plc appreciated by 4.98 percent or 14 kobo to close at N2.95 per share, while Transnationwide Express Plc added 4.95 percent or 5 kobo to close at N1.06 per share.
Dangote Sugar Plc followed with an increase of 2.26 percent or 15 kobo to close at N6.80 per share and NPF Micofinance Bank Plc gathered 1.06 percent or one kobo to close at 95 kobo per share.
At the end of trading, investors exchanged 309.7 million shares worth N2.1 billion in 3,934 deals compared to 242 million shares valued at N1.6 billion exchanged in 3,684 deals previously.
