The equity market on Wednesday lost N25 billion due to selloffs in MTN Nigeria, Dangote Sugar and Guaranty Trust Holding Company , among other stocks.
The All-Share Index also dropped 0.04 per cent, or 43.3 points, to close at 100,032.32, as against 100,075.59 recorded on Tuesday.United Capital led 10 per cent to close at N36.30, Africa Prudential followed by 9.88 per cent to close at N8.90, Cutix gained 9.86 per cent to close N6.13 per share. Conversely, RTBRISCOE led the losers’ log with 5.71 per cent to close at 66k, FTN Cocoa Processors trailed by 4.44 per cent to close at N1.72 per share.
Analysis of the market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up 35.71 per cent.