Trading activities on the floor of Nigerian Stock Exchange yesterday sustained bearish run, declining by N193 billion.
Specifically, Market Capitalisation of listed equities declined by 0.93 per cent to N20.637 trillion from N20.830 trillion reported the previous day.
The NSE All Share Index also depreciated by 367.97 basis points to 39433.81 points from 39801.78 traded on Tuesday.
Investors exchanged 349.558 million shares valued at N3.501 billion in 4554 deals against 426.507 million shares cost N4.654 billion exchanged hands the previous day in 5616 deals.
An analysis of the investment during the day showed that Lasaco Insurance led gainers table during the day, gaining 9.62 per cent to close at N1.71 kobo , Linkage Assurance PLC followed with a gain of 9.43 per cent to close at N0.58 kobo, Caverton gained 9.09 per cent to close at N1.92 kobo, Sterling Bank increased by 8.11 per cent to N1.60 kobo, Regal Insurance up by 6.67 per cent to N0.32 kobo.
On the contrary, Stanbic IBTC topped losers chart, dropping by 10 per cent to close at N45.00, CWG Plc trailed with a loss of 9.61 per cent to N2.07 kobo, Unilever Nigeria PLC fell by 8.21 per cent to N12.30 kobo, Courtville Business Solution down by 8.00 per cent to N0.23 kobo while International Breweries declined by 7.02 per cent to N5.30 kobo.
Investors continued to dump the shares of the FBNHoldings Plc following the revelation that one of its subsidiaries, First Bank Nigeria Limited has internal challenges. The company traded 71.284 million shares valued at N523.783 million, Access Bank followed with account of 40.878 million shares valued at N309.952 million, Ekpcorp traded 40.000 million shares valued at N235.999 million, Zenith Bank Plc traded 25.025 million shares valued at N544.351 million, United Bank for Africa sold a total of 18.047 million shares cost N130.312 million.
