The Nigerian stock market on Wednesday closed bearish with a loss of N47bn, driven by profit-taking activities in Dangote Cement Plc and 20 others.
Associated Bus Company followed with a decline of 6.45 per cent to close at 29 kobo, while Livestock Feeds shed 5.00 per cent to close at N1.14 per share.
Meanwhile, the total volume of trades declined by 4.61 per cent to 217.946 million units, valued at N4.472bn, and exchanged in 3,377 deals. Zenith Bank followed with 16.919 million shares worth N416.08m, while Guaranty Trust Holding Company traded 13.162 million shares valued at N320.144m.
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