Profit-takers crashed the Nigerian capital market by 0.22 percent on Wednesday, costing shareholders N50 billion at the close of the day’s business.
Sell off had pushed back the market capitalisation to N22.62 trillion, down from the N22.67 trillion posted on Tuesday.
The All Share Index was down by 94.3 basis points to close at 43,349.9 compared to 43,444.2 posted the previous day.
Investors traded 264.78 million shares valued at N6.08 billion in 4,230 deals on Wednesday.
This was lower than 423.83 million shares worth N11.64 billion that exchanged hands in 4,181 deals on Tuesday.
On the equities table, Associated Bus Transport topped the gainers’ list as its share price was up by 10 percent to end trading at N0.33kobo from N0.30kobo per share.
Chams share price rose by 4.55 percent to move from N0.22kobo per share to N0.23kobo per share at the end of trading.
Cutix share price was up by N0.10kobo to end trading with N3.35kobo from N3.25kobo per share.
Wema Bank gained 2.35 percent to move from N0.85kobo to N0.87kobo per share.
Transcorp share price increased by 2.06 percent to move from N0.97kobo to N0.99kobo per share.
Japaul Gold led the losers’ chart after shedding 9.09 percent from its share price to drop from N0.44kobo to N0.40kobo per share.
Neimeth share price declined from N1.98kobo to N1.80kobo per share after losing N0.18kobo in its share price.
Unity Bank share price declined from N0.59kobo to N0.54kobo per share after losing 8.47 percent from its share price during trading.
Consolidated Hallmark Insurance completed the list as its share price lost N8.06 to end trading at N0.57kobo from N0.62kobo per share.
Unilever share price lost N1.10kobo to end trading at N13.50kobo from N14.60kobo per share.
At the end of trading today’s business, First Bank led the active trade with 68.61 million shares worth N856.17 billion.
International Breweries shares were traded at a volume of 36.69 million and valued at N201.82 million.
GTCO was next with 24.22 million shares traded at a cost of N644.04 million.
Unity Bank reported 9.50 million shares worth N5.14 million while Access Bank recorded over 9.46 million traded shares at a value of N87.28 million.
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
SPECIAL REPORT: Lack of legal provisions, cultural sentiments fueling marital r*pe in Nigeria
By Arinze Chijioke In the early days of Sandra Izuckukwu’s marriage in 2019, her husband, Sunday Izuchukwu, did everything she...
INVESTIGATION… LIVES ON THE LINE (IV): Surviving in a dangerous media environment
This investigation is on the unresolved killing of three Nigerian journalists while on assignments between 2019 and 2020. For six...
INVESTIGATION… LIVES ON THE LINE (III): Precious Owolabi was killed covering a protest
This investigation is on the unresolved killing of three Nigerian journalists while on assignments between 2019-2020. For six months, Nigerian...
INVESTIGATION… LIVES ON THE LINE (II): Alex Ogbu was telling a story but became the story
This four-part series investigation is on the unresolved killing of three Nigerian journalists while on assignments between 2019 and 2020....
SPECIAL REPORT… TELECOMS BLACKOUT: Nigeria’s latest tactic against banditry grounds businesses, forcing residents beyond borders
The fight against notorious bandits raining terror and kidnapping students in Northwest Nigeria took a new dimension in September as...