The Nigerian equities market endured a bearish trading day on Wednesday as investors lost N121 billion at the close of the day’s training.
This followed the dip in the share prices of stocks like Thomas Wyatt Plc, UPDC Plc and Legend Internet, among others, on the trading floor.
The benchmark All-Share Index (ASI) decreased to 146,055.89 points from 146,055.89 points recorded the previous day.
After five hours of trading at the capital market, the equity capitalisation crashed to N92.2 trillion from N92.4 trillion posted by the bourse on Tuesday.
The market breadth was positive, with 53 stocks advancing, 21 stocks declining, and 72 stocks remaining unchanged in 30,749 deals.
Learn Africa Plc, Tripple Gee & Co. Plc and Prestige Assurance Company led other gainers with 10% growth each in prices to close at N7.70, N5.17, and N2.42 from the previous N7.00, N4.70 and N2.20 per share.
Thomas Wyatt Plc, UPDC Plc and Legend Internet led other price decliners 10%, 7.94%, and 6.35% dip in share prices to close at N3.42, N8.00 and N5.60 from the previous N3.80, N8.69 and N5.98 per share.
On the volume index, Universal Insurance Plc led trading with 193 million shares in 100 deals, followed by Japaul Gold and Ventures Plc, which traded 123 million shares in 730 deals.
Veritas Kapital Assurance Plc traded 93 million shares in 313 deals.
On the value index, Access Holdings Plc traded stocks valued at N2.3 billion in 1, 349 deals, followed by Zenith Bank Plc, which traded equities worth N1.8 billion in 1,077 deals.
Aradel Holdings Plc traded shares valued at N1.6 billion in 510 deals.