NSE5Equities transactions on the Nigerian Stock Exchange (NSE) closed on a negative note on Wednesday as key indicators dropped 1.92 per cent against 1.08 per cent lost in the previous trading session.

Specifically, the NSE All Share Index lost 528.53 points to close at 27,004.50 points against 300.86 points lost previously to close at 27,533.03 points. Market Capitalization dropped by N181.7 billion to close at N9.29 trillion against N103.4 billion lost previously to close at N9.47 trillion.

Market breadth likewise closed negative with 24 losers against 15 gainers.

Topping the losers chart was Unity Bank Plc with a decline of 8.57 per cent or 6 kobo to close at 64 kobo per share trailed by Transcorp Plc which depreciated by 8.55 per cent or 13 kobo to close at N1.39 per share while Dangote Cement Plc dropped 5.00 per cent or N8.53 kobo to close at N162.19 per share.

Cadbury Plc lost 4.98 per cent or 98 kobo to close at N18.68 per share and Fidson Healthcare Plc fell 4.95 per cent or 14 kobo to close at N2.69 per share.

On the other hand, Seplat Petroleum Plc topped the gainers chart with a 5.00 per cent or N10.35 gain to close at N217.35 per share, followed by Lawunion Plc which added 4.92 per cent or 3 kobo to close at 64 kobo per share, while Ikeja Hotel Plc gained 4.67 per cent or 14 kobo to close at N3.14 per share.

Eterna Plc appreciated by 4.61 per cent or 7 kobo to close at N1.59 per share while Learn Africa Plc increased by 4.35 per cent or 3 kobo to close at 72 kobo per share.

In summary, investors on the Nigeria Stock Exchange traded a total of 240.8 million shares worth N2.4 billion in 3,061 deals compared to 485.0 million shares worth N4.45 billion traded in 2,785 deals previously.

By Pita Ochai

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