Nigeria’s equities market recorded another session of negative close on Wednesday by 0.07 percent while market capitalisation decreased by N48billion as investors cautious mood continues to subdue market activity.
Wednesday’s major laggards include stocks like Conoil, Berger Paints, International Energy Insurance, Multiverse Mining & Exploration, Regency Assurance.
Conoil decreased most from N368 to N331.20, losing N36.80 or 10 percent. Berger Paints dropped from a high of N20.90 to N18.85, losing N2.05 or 9.81 percent, while International Energy Insurance decreased from N1.94 to N1.75, losing 19 kobo or 9.79 percent.