The nation’s equity market on Wednesday closed Southward shedding N1.068 billion as selloff and profit taking activities embarked by investors impacted negatively on the market.
Market capitalisation of listed equities declined by 1.90 per cent to N55.357 trillion from N56.425 trillion it closed on Tuesday.
The NGX All Share Index also depreciated by 1955.70 basis points to 101154.45 points from 103110.15 points reported the previous day.
The NGX trading result showed that the market recorded 57 losers against 11 gainers as a result, the year to date return contracted to +35.28 per cent.
A review of the investment for the day showed that Tripple G and PZ Cusson led gainers table with 9.97 per cent each to close at N3.42 and N33.10 per unit respectively. Geregu Power followed with a gain of 9.69 per cent to close at N568.00, Mcnichols added 9.66 per cent to close at N1.59 per unit, Veritas Kapital gained 9.09 per cent to close at N0.60 per share.
Conversely, May & Baker, Sterling Bank and Wapco declined by 10 per cent each to close respectively at N6.21 per share, N5.67 and N36.00 per unit.
Zenith Bank and UPDC shed 10 per cent to close at N35.10 and N1.80 per share respectively.
Volume of activities appreciated by 100.175 million, representing 15.44 per cent as investors traded 749.128 million shares valued at N22.482 billion in 14288 deals against 648.953 million shares worth N11.086 billion in 14579 deals.
Transactions in the shares of Transnational Corporation of Nigeria led market activities with 79.678 million shares valued at N1.062 billion, United Bank for Africa followed with account of 61.335 million shares valued at N1.551 billion, Zenith Bank traded 61.175 million shares worth N2.257 billion, GTCO Plc exchanged 47.913 million shares cost N1.837 billion while AccessCorp traded 43.488 million shares cost N1.044 billion.
