The All-Share Index (ASI) of the Nigerian Stock Exchange (NSE) depreciated by 0.73 per on Wednesday inspite of increased turnover of shares.
The ASI, which opened at 21, 227.98, depreciated by 155.05 points or 0.73 per cent, to close at 21,072.93 due to huge price losses by some blue chips.
NAN reports that 602.4 million shares worth N3.3 billion were exchanged in 3,476 deals on Wednsday against the 243.5 million shares worth N5.4 billion in 4,003 deals on Tuesday.
Similarly, the market capitalisation declined by N49 billion or 0.73 per cent to close at N6.650 trillion from the N6.699 trillion recorded on Tuesday.
The banking sub-sector remained the toast of investors, accounting for 534.9 million shares worth N1.5 billion in 2,137 deals.
Sterling Bank sold 357.9 million shares worth N18.3 million in 107 deals, representing 59.4 per cent of the total turnover for the day.
UBA followed with 57.2 million shares valued at N153.5 million exchanged in 263 deals.
Nestle topped the price losers’ chart with a loss of N24.33 to close at N462.37 per share.
Guinness trailed with N4.56 to close at N225 per share, while Ashaka Cement dropped 43k to close at N10.07 per share.
Presco depreciated by 42k to close at N8.07 per share, while Unilever dropped 40k to close at N29 per share.
On the other hand, Julius Berger led the price gainers’ chart with a gain of N1.37 to close at N28.84 per share.
Okomu Oil followed with a rise of 58k to close at N21.50 per share, while Oando rose by 49k to close at N23 per share.
UAC-Property appreciated by 45k to close at N10.90, while NAHCO grew by 34k to close at N7.29 per share