The Nigerian Stock Exchange (NSE) returned bearish on Wednesday after the previous day’s upturn, shedding marginal 0.02 per cent on the back of sell-off pressure on Dangote Cement, Dangote Sugar, GTBank 13 other stocks.
However, market breadth closed at par, with 16 gainers and 16 losers.
The All Share Index (ASI) decreased by 56.13 absolute points, representing a dip of 0.20% to close at 28,088.74 points. Similarly, the Market Capitalization lost N27.36 billion, representing a decline of 0.20% and closed at N13.69 trillion.
JAPAULOIL emerged the top gainer while UNITYBNK emerged as top loser
The downturn was impacted by losses recorded in large and medium capitalized stocks, amongst which are; NESTLE (-2.03%) DANGSUGAR (-1.85%), TOTAL (-1.85%), WAPCO (-1.74%), DANGCEM (-1.72%), WEMABANK (1.61%), UBA (-0.88%) FBNH (0.88%), and GUARANTY (-0.86%).