The bullish trend of equities transactions on the Nigerian Stock Exchange (NSE) reversed on Wednesday, as market capitalisation declined by N68.5 billion.
The day’s performance was recorded in spite of 24 gainers paired against 10 losers, as the All-Share Index (ASI) reduced by 197.9 points, closing at 25,620.94 basis points.
The market capitalisation closed at N8.865 trillion, shedding N68.5 billion in contrast to N25 billion added previously to close at N8.933 trillion.
A total of 255.73 million shares valued at N1.67 billion were transacted by investors in 2,845 deals. This was against the 127.43 million shares worth N909.33 million exchanged in 3,176 deals on Tuesday.
Transcorp was the most traded stock in the day’s transaction, with 56 million shares valued at N48.09 million. Oando followed in activity table with 45.43 million shares worth N267.28 million, while UAC Property transacted 25.49 million shares valued at N47.44 million.
Diamond Bank posted a turnover of 18.17 million shares worth N15.17 million and FBN Holdings exchanged 16.33 million shares valued at N56.33 million.
Diamond Bank led the losers table with 8.79 percent drop in equity price to close at 83 kobo per share.
Transcorp followed with a loss of 6.45 percent to close at 87 kobo and Presco dropped 3.64 percent to close at N45 per share.
Dangote cement was fourth on the losers chart with a depreciation of 3.64 percent to close at N159, while Airservice lost 3.02 percent to close at N4.17 per share.
On the other hand, Oando led the gainers’ table, growing by 6.11 percent to close at N5.73 per share.Stanbic followed with a gain of 4.98 percent to close at N23.42, while NEM appreciated by 4.76 percent to close at 88 kobo per share.
Honeywell flourmills added 4.46 percent to close at N1.17, while Lawunion grew 4.11 percent to close at 76 kobo.

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