On Wednesday, April 5th, the Nigerian stock market recorded its third consecutive daily loss as the All Share Index (ASI) decreased by 1.88% to close at 53,018.97. This drop was primarily due to the losses recorded by Airtel Africa and 13 other medium and large capitalised stocks.
Airtel Africa led the losers' chart with a decline of 10%, while Wapic Insurance recorded the highest price gain of 7.50%. The market breadth closed negative with 11 gainers compared to 14 losers, and the total volume traded declined by 33.50% to 197.331 million units.
Transactions in the shares of United Bank for Africa (UBA) topped the activity chart. The market capitalisation lost N553 billion or 1.88% to close at N28.883 trillion.
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