Profit taking resurfaced on the Nigerian Stock Exchange has continued to impact negatively on equity market as the composite All Share Index closed lower, sheding 314.11 basis points.
The NSE All Share Index also depreciated by 0.74 per cent to 42043.79 points from 42357.90 reported on Monday
Market Capitalisation of listed equities also declined by N164 billion to N21.993 trillion from N22.157 trillion traded the previous day.
The volume of transaction still remain high during the day as Investors traded 556.023 million shares valued at N4.785 billion in 7110 deals against 586.806 million shares cost N6.024 billion in 7611 deals.
A review of the investment showed that Unilever Nigeria Plc led gainers table, growing by N0.70 kobo to close at N14.20 kobo, Champion Breweries followed with a gain of N0.34 kobo to close at N3.78 kobo, Etranzact gained N0.12 kobo to close at N2.45 kobo, Custodian Insurance added N0.05 kobo to close at N6.05 kobo, Honey Well Flour added N0.02 kobo to close at N1.45 kobo.
On the contrary, Nigerian Breweries topped losers chart dropping by N2.00 to close at N61.00, Wapco trailed with a loss of N2.00 to close at N28.00, Ardova Plc dipped by N1.90 kobo to close at N17.15 kobo, Boc Gas declined by N1.51 kobo to N13.61 kobo, Zenith Bank sheds N0.85 kobo to close at N26.30 kobo.
The NSE trading result further showed that Union Bank of Nigeria Plc was investors delight, exchanging 79.524 million shares valued at N457.254 million, Transnational Corporation of Nigeria followed with account of N52.666 million shares worth N54.151 million, FBNHoldings traded 49.539 million shares cost N361.646 million, Zenith Bank exchanged 38.576 million shares valued at N1.032 billion while United Bank for Africa traded 35.513 million shares cost N314.795 million.
