The Nigerian stock market on Wednesday admitted the Bear, halting five straight days of gains as the All Share Index dropped by 0.53% to close at 55,508.61 points from the previous close of 55,806.26 points.
The Market Capitalisation declined by 0.53% to close at N30.239 trillion from the previous close of N30.401 trillion, thereby shedding N162 billion.
An aggregate of 565.8 million units of shares were traded in 4,340 deals, valued at N6.58 billion.
The Market Breadth close positive as 30 equities appreciated in their share prices against 12 equities that declined in their share prices.
Veritas Kapital led other gainers with 10.00% growth, closing at N0.22 from the previous close of N0.20.
ARDOVA, Wema Bank and THE INITIATE among other gainers also grew their share prices by 9.76%, 8.75% and 8.33% respectively.
JOHNHOLT led other price decliners as it shed 9.66% of its share price, closing at N1.59 from the previous close of N1.76.
Ecobank and Airtel Africa among other price decliners also shed their share prices by 7.69% and 5.25% respectively.
TRANSCORP traded about 47.9 million units of its shares in 241 deals, valued at N67 million.
GTCO traded 46.6 million units of its shares in 391 deals valued at N1.26 billion.
OANDO traded about 20 million units of its shares in 409 deals, valued at N102 million.