Profit taking continued at the Nigerian Stock Exchange with the market indicators dropping by 0.96 per cent amid loses by some highly capitalized equity.
The News Agency of Nigeria reports that the market capitalization shed N79 billion or 0.96 per cent to close at N8.118 trillion, compared to N8.197 trillion posted on Tuesday.
Also, the All-Share Index lost 228.98 points or 0.96 per cent to close at 23,605.89 as against 23,834.87 achieved on Tuesday.
Nigerian Breweries topped the losers’ chart, dropping by N4.25 to close at N95.25 per share.
Unilever trailed with a loss of N1.67 to close at N31.81, while Dangote Cement dipped N1.01 to close at N127 per share.
GT Bank dropped by 84k to close at N15.54, while Zenith Bank lost 70k to close at N12.90 per share.
On the other hand, Seplat led the gainers’ table, gaining N21.94 to close at 236.09 per share.
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7UP followed with a gain of N9.95 to close at N188.95, while Guinness increased by N5.56 to close at N118.76 per share.
Flour Mill garnered N1.83 to close at N19.88 and International Breweries grew N1.02 to close at N17.82 per share.
In spite of the drop in market indices, the volume of shares traded closed higher with an exchange of 1.32 billion shares worth N2.91 billion transacted in 4,012 deals.
NAN reports that this is in contrast with 313.68 million shares valued at N2.41 billion exchanged in 3,451 deals.
Wema Bank emerged the most traded equity, trading 1.14 billion shares worth N1.091 billion in 25 deals.
FBN Holdings followed with 35.59 million shares worth N141.02 million traded in 276 deals, while GT Bank accounted for 27.09 million shares valued at N422.14 in 548 deals.
Zenith Bank sold 24.24 million shares worth N320.19 million in 494 deals, while Transcorp achieved a turnover of 12.58 million shares valued N14.53 million traded in 119 deals.
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