Mid- week trading on the Nigerian equities market ended bearish erasing the gains of the first two days of the week.
The benchmark all-share index declined by 0.32 percent to close at 96,203.65 points , being 306.48 points lower than the previous day’s 96,510.13 points while the market capitalisation shed N176 billion to close at N55,261 trillion from Tuesday’s N55,437 trillion.
Despite the losses, the market sentiment stayed positive as trading for the day closed with 35 gainers relative to 14 losers.
Industrial and Medical Gases led the gainers with a 10 percent price gain to close at N26.40k. It was followed by Chams with 9.95 percent gain and a closing price of N2.32,closely followed by Oando with 9.94 percent price appreciation and a closing price of N63.60k.
Conversely, the top losers for the day were Neimeth International Pharmaceuticals with 9.09 percent loss and a closing price of N2.00, followed by Tantalizers which lost 8.64 percent to close at N0.74k then MTN Nigeria lost 7.91 percent to clos
e at N184.00 naira.
Universal Insurance Company was the toast of investors for the day giving it the highest volume of traded shares at 52.6 million shares,followed by Japaul Gold and Ventures with 51.8 million traded shares.
Wednesday’s trading saw a total of 446.60 million shares valued at N5.3 billion traded in 10,148 deals.
Source: Voice of Nigeria