The Nigerian stock market sustained its downward movement with a 0.34 per cent depreciation as sell-offs witnessed across all sectors instigated loss.
The NSE All-Share Index went down by 103.86 basis points from 30,614.81 to 30,510.95 basis points.
Similarly, the market capitalisation of the listed equities declined N35 billion from N10.493 trillion to N10.458 trillion.
Market breadth was also negative as 16 gainers and 29 laggards were recorded. Guinness led the laggards’ table by N4.60 to close at N134 per share. Seplat trailed with a loss of N4 to close at N315 while Glaxosmith declined by N2 to close at N40 per share. CAP shed N1.95 to close at N37.95 and Nigerian Breweries lost N1.02 to close at N122 per share.
On the other hand, Mobil led the gainers’ table with N5.98 to close at N155.98 per share. Beta Glass followed with a gain of N1.97 to close at N41.47, while Flourmill advanced by 98 kobo to close at N28.98 per share.
Dangote Cement grew by 51 kobo to close at N170.52 and Champion Breweries went up by 25 kobo to close at N5.36 per share.
The volume of shares transacted decreased by 39.89 per cent as investors traded 222.691 million shares valued at N4.38 billion in 3,601 deals, compared to 370.46 million shares worth N2.16 billion traded in 3,457 deals on Tuesday.
Top in volume transacted was Zenith Bank with a total volume of 59.96 million valued at N994.04 million. Guaranty Trust Bank came second on the activity chart with 34.52 million shares valued at N839.69 million, while FBN Holdings traded 18.13 million shares worth N136.19 million.
Source : Leadership