Stock market ends 12-day gaining streak, loses N144bn

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The equities market closed on a negative note on Wednesday as investors sold off shares to take profits after a 12-day gaining streak. The Nigerian Stock Exchange All-Share Index dropped by 275.

02 basis points or 0.95 per cent to close at 28,634.35 basis points as against 28,909.37 on Tuesday.

Meanwhile, a turnover of 832.88 million shares exchanged in 9,180 deals was recorded in the day’s trading. Volume in the subsector was largely driven by activities in the shares of Zenith Bank Plc and FBN Holdings Plc. The market breadth closed negative as the number of gainers at the close of trading session was 24 while decliners were 31.

 

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