Equity market sheds N210.98bn

Equity Market yesterday continued in a downward trend as Nigerian Stock Exchange benchmark All Share Index depreciated by 210.98 basis points due to sell off recorded in some blue chip stocks.

Specifically, The NSE All Share Index sheds  0.78 per cent to 26598.94 points from 26808.92 points reported the previous day.

Also, Market Capitalisation of listed equities declined further by N102 billion or 0.78 per cent to N12.948 trillion from N13.050 trillion reported on Tuesday.

Investors traded a turnover of 591.042 million shares worth N7.397 billion in 2907 deals against 185.944 million shares valued at N2.537 billion in 3083 deals.

A review of the trading Nestle Nigeria Plc recorded the highest loss at the end of transactions on Wednesday, dropping by N15.00 to close at N1215.00, Dangote  Cement industry trailed with a loss of N5.90 kobo to close at N145.00, Guinness Nigeria Plc fell by N2.50 kobo to close at N30.00, Nigerian Breweries Plc sheds N2.00 to close at N48.00 while Presco Plc down by N1.95 kobo to close at N38.40 kobo

Conversely, MTN Nigeria Communication Plc led gainers table during the day, appreciating by N1.50 kobo to close at N130.00, Forte Oil followed with a gain of N0.30 kobo to close at N16.00, Access Bank Plc increased by N0.20 kobo to close at N7.15 kobo, UAC of Nigeria added N0.15 kobo to close at N7.15 kobo, Learn Africa grew by N0.10 kobo to close at N1.12 kobo.

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