As bargain hunters failed to provide support for oversold stocks on Wednesday, the market recorded its third consecutive day of negative close this week.
This week, the market has lost about N563million as weak sentiment at the Nigerian stock market kept gains in check. The market opened this week with capitalisation of N66.352 trillion. This week, the market has decreased by 0.98 percent.
On Wednesday, the market decreased by 0.44 percent. It was majorly caused by investors who sold shares of MRS which decreased from preceding day’s high of N178 to N162, losing N16 or 8.99 percent of its day-open value.