Activities at the nation\u2019s bourse closed on a negative mood on Wednesday due to profit taking with a loss of 0.38 per cent.<\/p>\n\n\n\n
Speficially, the All-Share Index declined by 180.55 per cent or 0.38 per cent to close at 46,930.66 compared with 47,111.21 achieved on Tuesday.<\/p>\n\n\n\n
Consequently, the All-Share Index stood at 0.66 per cent and 9.87 per cent, respectively.<\/p>\n\n\n\n
Also, the market capitalisation lost N98 billion or 0.38 per cent to close at N25.289 trillion from N25.124 trillion posted on Tuesday.<\/p>\n\n\n\n
The negative performance of the market was driven by price depreciation in large and medium capitalised stocks which are: MTN Nigeria Communications (MTNN), Zenith Bank, Lafarge Africa, Nigerian Breweries and Guaranty Trust Holding Company.<\/p>\n\n\n\n
The market closed negative with 33 laggards against 21 gainers.<\/p>\n\n\n\n
Associated Bus Company led the losers\u2019 chart in percentage terms by 8.33 per cent to close at 33k per share.<\/p>\n\n\n\n
Courteville Business Solutions followed with 6.90 per cent to close at 54k, while Caverton Offshore Support Group lost 6.17 per cent to close at N1.52 per share.<\/p>\n\n\n\n
May & Baker declined by 5.95 per cent to close at N4.27, while FTN Cocoa Processors shed 5.26 per cent to close at 36k per share.<\/p>\n\n\n\n
Conversely, Ikeja Hotels dominated the gainers\u2019 chart in percentage terms with 10 per cent to close at N1.43 per share.<\/p>\n\n\n\n
Conoil followed with a gain of 9.96 per cent to close at N26.50, while Academy Press up by 9.71 per cent to close at N1.13 per share.<\/p>\n\n\n\n
R.T. Briscoe Nigeria rose by 8.33 per cent to close at 26k, while Linkage Assurance gained 6.52 per cent to close at 49k per share.<\/p>\n\n\n\n
However, the total volume traded increased by 27.36 per cent with an exchange of 434.95 million units valued at N6.26 billion in 5,878 deals.<\/p>\n\n\n\n
This was in contrast with a turnover of 341.52 million shares worth N3.69 billion traded in 6,417 deals on Tuesday.<\/p>\n\n\n\n
Transactions in the shares of Fidelity Bank topped the activity chart with 47.74 million shares valued at N136.72 million.<\/p>\n\n\n\n
Transcorp followed with 35.59 million shares worth N40.87 million, while Courteville Business Solutions traded 32.46 million shares valued at N17.75 million.<\/p>\n\n\n\n
Zenith Bank traded 30.06 million shares valued at N799.52 million, while GTCO transacted 24.63 million shares worth N680.81 million.<\/p>\n\n\n
Activities at the nation\u2019s bourse closed on a negative mood on Wednesday due to profit taking with a loss of 0.38 per cent. Speficially, the All-Share Index declined by 180.55 per cent or 0.38 per cent to close at 46,930.66 compared with 47,111.21 achieved on Tuesday. Consequently, the All-Share Index stood at 0.66 per cent […]<\/p>\n","protected":false},"author":2,"featured_media":24081,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[126],"tags":[295],"class_list":["post-40199","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade-and-industry","tag-stock","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"\n