Trading on the floor of Nigerian Stock Exchange extended its bearish sentiment on Wednesday for the eight successive session, shedding N175 billion.
Operators said that some investors have reduced selling off their investment because the expected dividend announcement by quoted companies for 2019 financial year is around the corner.
Specifically, market capitalisation of listed equities declined further by 1.19 per cent to N14.470 trillion from N14.645 trillion reported the previous day.
The NSE All Share Index fell by 338.51 basis points to 28093.76 points from 28432.27 points reported previously.
Investors traded 350.207 million shares valued at N4.283 billion in 4729 deals against 254.860 million shares worth N3.043 billion exchanged hands in 5199 deals.
A review of the transactions during the day showed that Cap Plc led gainers table during the week appreciating by N2.00 to close at N24.60 kobo, Union Bank of Nigeria followed with a gain of N0.65 kobo to close at N7.25 kobo, Dangote Sugar Refinery increased by N0.50 kobo to close at N12.95 kobo, Julius Berger Plc added N0.45 kobo to close at N21.95 kobo while Access Bank appreciated by N0.35 kobo to close at N9.35 kobo.
