The Nigerian Exchange Ltd. closed trading on Wednesday on a negative note, due to price depreciation posted by Tier-one bank stocks and some others.
Consequently, the All-Share Index declined by 1,167.46 or 1.4 per cent to close at 82,024.28, as against 83,191.84 recorded on Tuesday.
Similarly, the overall market capitalisation which opened at N45.523 trillion dipped N638 billion or 1.4 per cent to close at N44.885 trillion.
The market loss was driven by losses in MTN Nigeria, Zenith Bank and Guaranty Trust Holding Company (GTCO) amog others.
However, the Year-To-Date (YTD) return rose by 9.7 per cent.
The market breadth closed negative, as 50 equities traded on the loser’s table, and 11 others on the gainer’s.
On the laggard’s chart, Caverton, Chams, May Baker, FTN Cocoa Processors and Consolidated Hallmark Insurance declined in percentage terms of 10, to close at N2.07, N2.16, N5.49, N1.98, N1.35k respectively.
Conversely, Cadbury led the leader’s chart by 9.92 per cent gain to close at N19.95 per share.
Veritas Kapital followed, appreciating by 9.76 per cent to close at 45k, while Linkage Assurance grew by 8.70 per cent to close at N1.50k per share.
Transcorp hotel trailed by 7.24 per cent to close at N100, while Prestige gained N6 to close at 53k per share.
