The market indices of the Nigerian Stock Exchange (NSE) on Wednesday dropped further by 0.49 per cent, following persistent profit taking by some investors.
The market capitalisation lost N58 billion or 0.49 per cent to close at N11.733 trillion compared with N11.791 trillion posted on Tuesday.
Also, the All-Share Index which opened at 34,706.93 lost 173.53 points or 0.49 per cent to close at 34,533.40 due to huge losses recorded by some blue chip equities.
The breakdown of the price movement chart showed that Nestle recorded the highest price loss, dropping by N25.02 to close at N880 per share.
Forte Oil came second with N2 to close at N186.99, while Betaglass dipped N1.71 to close at N34.67 per share.
Presco depreciated by N1.61 to close at N30.69, while NCR lost N1.17 to close at N11.02 per share.
Conversely, Mobil led the gainers’ table with N3 to close at N154 per share.
Nigerian Breweries gained 60k to close at N154.60, while Ashaka Cement improved by 50k to close at N21.50 per share.
Skye Bank chalked up 26k to close at N2.87, while Oando garnered 25k to close at N18 per share.
Lasaco Assurance drove the activity chart with an exchange of 1.58 billion shares worth N788.50 million.
It was trailed by Skye Bank with 56.79 million shares valued at N160.53 million, while UBA sold 40.17 million shares worth N214.63 million.
Access Bank transacted 25.24 million shares valued at N152.23 million, while investors staked N161.48 million on 17.35 million shares of FBN Holdings.
In all, investors bought and sold 1.88 billion shares worth N5.49 billion achieved in 4,797 deals.
This was against the 357.23 million shares valued N4.15 billion traded in 4,699 deals on Tuesday.
