The Nigerian stock market maintained its downward trajectory on Wednesday, with key performance indicators declining by 0.44 percent.
The market capitalization of the Nigerian Exchange Ltd. (NGX) fell by N289 billion, or 0.44 percent, dropping from N66.942 trillion on Tuesday to N66.653 trillion.
Additionally, the All-Share Index decreased by 468 points, closing at 106,436.48, down from 106,904.25 in the previous session.
The market breadth was negative, with 43 stocks declining compared to 12 that gained.
Among the notable losers, Caverton Offshore Support Group saw a 10 percent drop, closing at N2.52, while Consolidated Hallmark Insurance fell by 9.87 percent to N3.56 per share.
Eterna also experienced a decline of 9.66 percent, closing at N34.15 per share. FTN Cocoa Processors lost 9.52 percent, ending at N1.52, and Linkage Assurance decreased by 9.09 percent to N1.20 per share.
FTN Cocoa Processors experienced a decline of 9.52%, closing at N1.52, while Linkage Assurance fell by 9.09% to N1.20 per share.
On the positive side, Tantalizer saw an increase of 9.64%, finishing at N2.16 per share, and Union Homes Real Estate Investment rose by 8.84% to N52.95 per share.
Champion Breweries also recorded a gain of 7.69%, closing at N4.20 per share.
Furthermore, Computer Warehouse Group advanced by 5.70% to N8.35, and DEAP Capital Management and Trust increased by 5.56% to N0.95 per share.
In total, 389.57 million shares valued at N11.309 billion were traded over 11,423 transactions, compared to the previous trading session, which saw 395.47 million shares worth N8.76 billion exchanged across 13,967 transactions.
In terms of trading activity, Fidelity Bank topped the volume chart with 47.925 million shares valued at N803 million, followed by Access Corporation with 35.602 million shares worth N853 million.
United Bank for Africa traded 29.052 million shares valued at N1.019 billion.
