More firms on the floor of Nigeria Stock Exchange (NSE) sustained sliding profile on Wednesday as Bears maintained dominance for the third consecutive trading days.
At the end of the day’s trading, the All-Share Index lost 215.52 points or 0.58 per cent to close at 36,748.18 as against 36,963.70 recorded on Tuesday.
Also, Market Capitalisation lost N78 billion or 0.58 per cent to close at N13.312 trillion compared to N13.390 trillion on Tuesday.
Specifically, Guaranty Trust Bank led the losers’ table, dropping by N2.65 to close at N36.55 per share.
Okomu Oil Palm trailed with a loss of N2 to close at N83, while FBN Holdings dropped by N1 to close at N9.25 per share.
Also, Oando Plc declined by 50k to close at N4.75, while Nigerian Breweries also dropped by 50k to close at N118 per share.
Meanwhile, International Breweries led the gainers’ table, appreciating by N3.50 to close at N41 per share while PZ Industries followed with a gain of N2 to close at N83, while Dangote Sugar Refinery Nigeria appreciated by 35k to close at N18.30 per share.
Cadbury gained 35k to close at N11.50, while Union Bank of Nigeria increased by 20k to close at N5.90 per share.
Further analysis indicates that Transcorp dominated the activity chart, exchanging 16.77 million shares worth N20.64 million.
Zenith International Bank came second with 15.15 million shares valued at N361.67 million, while Fidelity Bank sold 14.94 million shares worth N29.79 million.
In all, the volume of shares traded closed lower dropping by 11.05 per cent as investors bought and sold 181.28 million shares worth N1.64 billion in 3,854 deals.
