Transactions on the Nigerian stock exchange closed flat on Wednesday with a marginal loss of N2.44 billion due to profit taking.
As a result, the market cap closed at N20.603 trillion, while the All-Share Index fell 4.69 points, representing a 0.01 percent drop to close at 39,545.67, from 39,550.36 on Tuesday. Accordingly, the monthly return and the year-to-date return were 2.6 percent and -1.8 percent, respectively.
The market loss was caused by price declines in large and mid-cap stocks, including; Guaranty Trust Bank Holding Company, SCOA Nigeria, Caverton Offshore Support Group, Access Bank and Ecobank Transnational Incorporated.
However, investor sentiment, measured by market breadth, ended positively with 19 winners against 17 losers.
Pharma Deko dominated the winner’s chart by 10 percent to close at N1.43 per share.
BOC Gases came in second at 9.78 percent to close at N10.10, while Honeywell Flour Mills improved 9.72 percent to close at N2.71 per share.
Courteville Business Solutions was up eight percent, closing at 27k, while Associated Bus Company gained 6.06 percent, closing at 35k per share.
On the other hand, SCOA Nigeria led the losers chart by 9.66 percent to close at N1.59 per share.
Prestige Assurance followed at 8.33 percent, closing at 44k, while Regency Alliance Insurance lost 6.98 percent, closing at 40k per share.
Mutual Benefits Assurance was down 5.71 percent to close at 33k, while Caverton Offshore Support Group lost 5.49 percent to close at N1.72 per share.
Total trading volume increased 19.22 percent with an exchange of 132.08 million units worth N2.67 billion in 3,307 deals.
This was against a total of 110.77 million shares worth N3.08 billion traded Tuesday in 3,305 deals.
Transactions in Transcorp’s shares topped the chart of operations with 14.15 million shares worth N13.53 million.
Chams followed with 14.07 million shares worth N2.91 million, while Zenith Bank traded 8.52 million shares worth N206.229 million.
GTCO traded 6.22 million shares worth N174.96 million, while Oando traded 5.38 million shares worth N26.78 million.