NSE
By Chinyere Joel-Nwokeoma
The nations bourse on Wednesday shed its gaining streak due to sell pressure in large capitalised stocks as the All-Share Index recorded the first loss in seven consecutive trading sessions.
Consequently, the All-Share Index lost 90.80 points or 0.26 per cent to close at 35,056.82 against 35,147.62 recorded on Tuesday.
Also, the market capitalisation which opened at N18.364 trillion dipped N42 billion to close at N18.322 trillion.
The downtrend was driven by price depreciation in medium and large capitalised stocks including Nigerian Breweries, Chemical and Allied Products, Guaranty Trust Bank, Northern Nigeria Flour Mills (NNFM) and Flour Mills.
Market sentiment as measured by market breadth was negative, with 22 losers and 19 gainers.
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