The stock market on Wednesday recorded a downturn as performance indices declined by 0.11 per cent.
Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation fell by N74 billion, or 0.11per cent, to N66.140 trillion from N66.214 trillion recorded on Tuesday.
The All-Share Index also dropped by 0.11 per cent or 117.90 points to close at 105,475.38, down from 105,593.28 posted on Tuesday.
Despite the overall decline, the market breadth closed positive with 31 gainers and 18 losers.
On the gainers’ chart, Mutual Benefits Assurance soared by 10 per cent to close at 88k, while Royal Exchange increased by 9.88 per cent to close at 89k per share.
NEM Insurance rose by 9.84 per cent to close at N13.40 and Lasaco Assurance soared by 9.56 per cent to close at N2.75 per share.
Additionally, eTranzact International gained by 9.52 per, closing at N5.75 per share.
On the losers’ chart, Union Homes Real Estate Investment Trust dropped by 9.93 per cent to close at N51.25, while ABC Transport lost 9.80 per cent to close at N1.38 per share.
Universal Insurance fell by 8.33 per cent to close at 55k and DAAR Communications declined by 6.45 per cent to close at 58k.
Similarly, Champion Breweries lost 5.00 per cent to close at N3.80 per share.
A total of 5.760 billion shares worth N342.605 billion were exchanged across 10,908 transactions. This compares with 349.33 million shares, worth N15.075 billion, exchanged across 12,450 transactions on Tuesday.
Transactions in WAPCO shares topped the activity chart with 4.473 billion shares valued at N330.146 billion.
Sovereign Trust Insurance followed with 607.057 million shares valued at N607.080 million, while CUTIX sold 358.333 million shares worth N860.044 million.
Fidelity Bank traded 61.858 million shares valued at N1.177 billion and Access Corporation transacted 43.791 million shares worth N973.747 million.
