The stock market on Wednesday declined further as market capitalisation closed at N26.753 trillion from N26.778 trillion on Tuesday, a decrease of N25 billion or 0.09 percent.
Similarly, the All-Share Index (ASI) fell by 45.19 points or 0.09 percent to 49,599.73 from 49,644.92 recorded at the previous trading.
Consequently, the Year-to-Date (YTD) return fell to 16.2 percent.
Analysts at Vetiva Dealing and Brokerage said, “We do not foresee any major deviation from today’s session as we expect the market to continue to trend mixed with minimal activity.”
The market breadth ended with 15 stocks in the gainers’ and losers’ charts respectively.
PZ led the gainers’ chart with 9.76 percent, closing at N9 per share. NPF Microfinance Bank followed with an appreciation of 4.58 percent to close N1.60 per share.
UACN rose by 3.64 percent to close at N11.40, while ABC Transport gained 3.57 percent to close at 29k per share.
Japaul Gold and Ventures gained by 3.45 percent to close at 30 kobo per share.
Conversely, Chams led the losers’ chat with a depreciation of 10 percent to close at 27k per share.
FCMB followed by dropping by 8.02 percent to close at N3.21 per share, while MCNichols lost by 7.46 percent to close at 62k per share.
FTN Cocoa declined by 6.67 percent to close at 28k, while Cornerstone shed 6.06 percent to close at 62k per share.
A total of 128.94 million shares valued at N1.67 billion were exchanged in 3,426 deals.
Sterling Bank recorded the highest volume of 26.85 million traded shares valued at N39.61 million.
Zenith Bank followed by selling 10.19 million shares worth N205.2 million, while Guaranty Trust Holding Company (GTCO) transacted 9.3 million shares valued at N184.48 million.
Also, Ecobank Transnational Incorporated (ETI) traded 7.62 million shares valued at N83.75 million, while Fidelity Bank transacted 6.21 shares worth N21.16 million.
