Investors in the Nigerian capital market lost N289 billion at the close of trading on Wednesday.
This followed the dip in the share prices of stocks like LIVESTOCK, ETRANZACT, and WAPIC amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization fell to ₦65.7 trillion from ₦66.078 trillion posted by the bourse on Tuesday.
The benchmark All-Share Index (ASI) crashed to 104,915.13 points from 105,375.69 points recorded the previous day.
The market breadth was negative as 13 stocks advanced and 36 stocks declined, while 71 stocks remained unchanged in 12,012 deals.
JULIUS BERGER, OMATEK and UPDC led other gainers with 8.47%, 6.15% and 2.69% growth each in prices to close at N137.00, N0.69 and N3.05 from the previous N126.30, N0.65 and N2.97 per share.
LIVESTOCK, ETRANZACT, and WAPIC led other price decliners with 10%, 9.40% and 9.27% dip in share prices to close at N8.46, N5.30 and N2.35 from the previous N9.40, N5.85 and N2.59 per share.
On the volume index, SOVEREIGN TRUST INSURANCE led trading with 1 billion shares in 77 deals followed by FIDELITY BANK which traded 42 million shares in 456 deals.
ACCESS CORP traded 30 million shares in 780 deals.
On the value index, TRANSPOWER topped traded stocks worth N3.4 billion in 134 deals followed by ZENITH BANK which traded equities worth N1 billion in 670 deals.
SOVEREIGN TRUST INSURANCE traded shares valued at N989 million in 77 deals.
By: Babajide Okeowo