Trading reverses positive trend, indices down by 0.42%

Activities at the Nigerian Stock Exchange (NSE) on Wednesday ended on a negative trend as market indices dropped by 0.42 per cent, reversing the two-day upward streak.
The All-Share Index lost 125.96 points or 0.42 per cent to close at 30,199.15 against 30,325.11 recorded on Tuesday.
Similarly, the market capitalisation, which opened at N10.422 trillion, lost N44 billion or 0.42 per cent to close at N10.378 trillion posted the previous day.
Dangote Cement recorded the highest price loss to lead the losers’ chart, losing N4.40 to close at N164.55 per share.
Lafarge Africa lost 51k to close at N98.99, while Flour Mills dropped 44k to close at N21 per share.
Arbico shed 26k to close at N5.04, while Dangote Sugar dipped 22k to close at N6.35 per share.
On the other hand, Guinness topped the gainers’ table with N6.80 to close at N150.80 per share.
Nigerian Breweries garnered N2.77 to close at N138.02, while Oando gained 76k to close at N9.87 per share.
Vitafoam rose by 17k to close at N5.29, while Stanbic IBTC increased by 10k to close at N23.10 per share.
Oando was the most traded equity, accounting for 78.52 million shares worth N708.66 million.
It was trailed by FBN Holdings with an exchange of 17.30 million shares valued N101.37 million, while GT Bank sold 16.50 million shares worth N397.25 million.
Zenith Bank accounted for 16.08 million shares valued N283.07 million, while DN Meyer traded 12.16 million shares worth N8.51 million.
In all, investors bought and sold 207.56 million shares valued N3.44 billion transacted in 2,768 deals.
This was against 245.39 million shares worth N3.22 billion traded in 2,988 deals on Tuesday.