Nigeria’s equities market recorded its third negative session on Wednesday (-0.06percent) as investors sold mostly shares of Nigerian Aviation Handling Company, Nigerian Breweries Plc, Berger Paints, and other major laggards.
The three-day negative close on the Bourse this week (-0.44percent) further decreased the market’s return this year to +30.76 percent.
At the close of trading on Wednesday, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalisation dropped further from preceding trading day’s highs of 97,830.65 points and N55.545trillion respectively to 97,774.22 points and N55.513trillion.
Looking at the top decliners list, Berger Paints decreased from N15 to N13.50, down by N1.50 or 10percent. Cutix was down from N5.70 to N5.13, losing 57kobo or 10percent.
Nahco decreased from N39 to N35.10, also losing N3.90 or 10percent. Nigerian Breweries was down from N28 to N25.25, shedding N2.75 or 9.82percent. SCOA dipped from N2.15 to N1.94, down by 0.21kobo or 9.77percent.
Shares of Fidelity Bank, Zenith Bank, Veritas Kapital, Oando and UBA were actively traded as investors in 10,847 deals exchanged 1,838,183,450 shares worth N23.113billion.
