The Nigerian stock market closed trading on a negative note Wednesday as the all share index dropped by 2.12per cent.However, the market capitalization at the close of trading was ₦3,765,458,924.20.
Similarly, market breadth index was negative with 15 gainers against 30 stocks that declined.Today’s performance was driven by the losses in Stanbic-10.00 percent, UnionDac -10.00per cent, Dangote Flour 9.77per cent, Glaxosmith 9.76percent, Dangcem -3.24per cent and Guaranty -1.32percent, which more than outweighed the gains in Regalins +10.00percent, Intbrew +10.00per cent and Airservice +10.00percent.
In terms of activity level, total volume and value declined by 31per cent and 37per cent respectively as investors exchanged 213million units of shares worth N3.77billion. Guaranty -1.32 was the most actively traded with 44million units of shares worth about N1.63billion.
At the IEFX window, the Naira depreciated by 0.44per cent and 0.06percent against the GBP and USD to close at N464.01 and N363.54 respectively. However it appreciated by 0.35percent to close at N410.71 against the EUR.
In the parallel market, the Naira closed flat at N362/USD. However, it appreciated by 0.24percent and 0.21percent to close at N412/EUR and N472/GBP.
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