The equity market, on Wednesday, dipped further as the market capitalisation shed ₦931 billion or 1.47 per cent to close at ₦62.257 trillion, having opened at 63.188 trillion.
The All-Share Index also lost 1.47 per cent or 1,526.14 points to close at 102,095.95, against 103,622.09 reported on Tuesday.
Accordingly, the Year-To-Date (YTD) return fell by 0.81 per cent.
Selloffs in Dangote Cement, Guaranty Trust Holding Company (GTCO), United Bank For Africa (UBA) alongside other declined equities kept the market in a negative terrain.
Market breadth closed negatively at 39 losers and 28 gainers.
On the losers log, Dangote Cement and Universal Insurance led by 10 per cent each to close at ₦387.90 and 63k per share respectively.
John Holt trailed closely by 9.99 per cent to close at ₦8.47 while Transnational Power dropped by ₦324 and Omatek declined by 9.89 per cent to close at 82k per share.
Conversely, Dangote Sugar, Sunu Assurances, and National Salt Company led the gainers’ log by 10 per cent each to close respectively at ₦36.85, ₦6.71 and ₦38.50 per share.
Sky Aviation also gained 9.95 per cent to close at ₦33.15 and Austin Laz added 9.94 per cent to close at ₦1.99 per share.
Trade turnover settled lower relative to the previous session, with the value of transactions down by 25.99 per cent.
A total of 435.54 million shares valued at ₦9.44 billion were exchanged in 12,098 deals, compared to 503.31 million shares valued at ₦12.63 billion traded in 12,900 deals posted previously.
Meanwhile, Universal Insurance led the activity chart in volume with 70.31 million shares, while BUA Foods led in value of deals worth ₦2.52 billion.
(NAN)