Nigeria’s stock market continued its downward trend on Wednesday as investors lost N48 billion.
Accordingly, the Nigerian Exchange Limited, NGX market capitalisation fell by N48 billion, or 0.07 percent, to close at N66.436 trillion from N66.484 trillion recorded on Tuesday.
The All-Share Index dropped by 0.07 percent, or 77.53 points, to close at 106,090.38 against 106,167.91 posted the previous day.
On the losers’ table, Conoil declined by 10 percent, to close at N331.20, while Berger Paints fell by 9.81 percent to close at N18.85 per share.
International Energy Insurance lost 9.79 percent to close at N1.75, and Multiverse Mining fell by 9.66 percent to close at N7.95 per share.
Also, Regency Assurance lost by 8.70 per cent, to close at 63k per share.
On the flipside, Tantaliser increased by 9.79 per cent, to close at N3.14 per share while Secure Electronic Technology soared by 9.68 per cent, to close at 64k per share to top the gainers table.
Also, Caverton Offshore Support Group increased by 9.09 per cent to close at N3.00 and FTN Cocoa processors gained by 6.51 per cent to close at N1.80 per share.
Similarly, Jaiz Bank increased by 6.04 per cent to close at N3.51 per share.
A total of 1.499 billion shares worth N10.259 billion were exchanged across 11,748 transactions.
This is compared to 324.59 million shares worth N7.918 billion exchanged across 12,652 transactions on Tuesday.
Transactions in the shares of Sovereign Trust Insurance topped the activity chart with 989.73 million shares worth N987.48 million.
Jaiz Bank followed with 187.35 million shares valued at N628.093 million, while Secure Electronic Technology traded 43.51 million shares worth N28.62 million.
Zenith Bank transacted 22.81 million shares valued at N1.085 billion, while United Capital Group sold 18.28 million shares worth N346.42 million.