Stock market investors in Nigerian Exchange Limited lost N70 billion in market capitalisation on Wednesday.
This comes as stock performance indices declined by 0.10 percent.
Accordingly, NGX market capitalisation dipped to N68.895 trillion from N68.965 trillion recorded on Tuesday.
The All-Share Index also declined by 111.37 points, or 0.10 percent, to close at 109,619.10, down from 109,730.47 recorded earlier.
Indications from the market showed that the downturn was due to sell pressure in banking stocks and cautious trading.
Meanwhile, the market breadth closed mixed with 29 losers and 29 gainers.
On the gainers’ table, RT Briscoe increased by 10 percent to close at N2.09, while Eunisell Interlinked Plc soared by 9.75 percent, closing at N12.95 per share.
Livestock feeds rose by 9.61 percent, settling at N8.90, and Linkage Assurance grew by N9.46 percent, finishing at N1.62 per share.
Also, Meyer Plc gained 8.89 percent, closing at N9.80 per share.
Conversely, Champion Breweries lost by 10 percent, ending the session at N7.20, while Lasaco Insurance also dropped by 10 percent, closing at N2.52 per share.
McNicholas fell by 9.45 percent, settling at N2.30, and Multiverse Mining shed 7.22 percent, closing at N9 per share.
Sovereign Trust Insurance declined by 6.80 percent, finishing at 96k per share.
NGX data indicated that a total of 664.16 million shares worth N12.996 billion were exchanged across 19,439 transactions.
This is compared to 497.06 million shares worth N13.213 billion that were exchanged across 18,795 transactions earlier.
Transactions in the shares of Japaul Gold topped the activity chart with 90.02 million worth N186.47 million.
Tantalizer followed with 82.75 million shares valued at N231 million, while Fidelity Bank sold 67.69 million shares worth N1.26 billion.
Nigerian Breweries transacted 52.24 million shares valued at N3.132 billion, and Custodian Insurance traded 36.49 million shares worth N719.28 million.
