The Nigerian equities market snapped the bullish trading on Wednesday as investors lost N324 at the close of the day’s trading.
This followed the dip in the share prices of stocks like Cornerstone Insurance Plc, RT Briscoe, and Associated Bus Company, among others, on the trading floor.
The benchmark All-Share Index (ASI) crashed to 141,248.76 points from the 141,761.36 points recorded the previous day.
After five hours of trading at the capital market, the equity capitalisation crashed to N89.3 trillion from N89.6 trillion posted by the bourse on Tuesday.
The market breadth was negative with 17 stocks advancing, 40 stocks declining, and 80 stocks remaining unchanged in 28,695 deals.
Deap Capital Management & Trust, Legend Internet, and Honeywell Flour Plc led other gainers with 4.82%, 4.63%, and 4.17% growth in prices, respectively, to close at N1.74, N5.65, and N22.50 per share, up from N1.66, N5.40, and N21.60 per share in the previous session.
Cornerstone Insurance Plc, RT Briscoe, and Associated Bus Company led other price decliners with 10%, 10% and 9.80% dip in share prices to close at N6.39, N3.06, and N4.51 from the previous N7.10, N3.40, and N5.00 per share.
On the volume index, First City Monument Bank Plc (FCMB) led trading with 108 million shares in 540 deals, followed by Sterling Bank Plc, which traded 86 million shares in 400 deals.
Cutix Plc traded 45 million shares in 623 deals.
On the value index, Aradel Holdings traded stocks valued at N4.0 billion in 370 deals, followed by Seplat Petroleum Development Company, which traded equities worth N2.6 billion in 158 deals.
Nestle Nigeria traded shares valued at N1.2 billion in 116 deals.