Selling pressure outweighed bargain hunting in the equities segment of the Nigerian Stock Exchange on Wednesday, leading top indicators lower for the second straight session.
The market capitalisation of the listed equities fell by N59bn or 0.5 per cent from N11.792tn to N11.733tn, while the NSE All-Share Index declined by 173.53 basis points to 34,533.40 basis points.
This happened after investors exchanged 1.881 billion shares valued at N5.494bn in 4,797 deals.
According to data obtained from the Exchange, the most traded equities for the day are Lasaco Assurance Plc, Skye Bank Plc, United Bank for Africa Plc, Access Bank Plc and FBN Holdings Plc.
In all, 20 stocks recorded price appreciation, while 35 others recorded price depreciation.
Skye Bank Plc, rose the most on Wednesday, gaining 9.96 per cent or 26 kobo to close at N2.87 per share. It was followed by NEM Insurance Plc, which was up by 9.09 per cent or seven kobo to close at 84 kobo per share.
The losers were led by NCR Plc, which suffered a 9.60 per cent or N1.17 price depreciation to close at N11.02 per share.
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Source : Punch