The Nigerian bourse on Wednesday closed lower to reverse the previous day’s gain as bears regained their grip following fear of insecurity arising from #EndSARS protest that degenerated into mayhem across the country.
Consequently, the All-Share Index dipped 216.333 basis points or 0.75 per cent to close at 28,449.49 index points as against 28.665.82 recorded the previous day.
Volume in the sub-sector was largely driven by activities in the shares of UBA Plc and Zenith Bank Plc.
Further analysis of the day’s trading showed that in percentage terms, Wapic Insurance Plc led the gainers’ with a growth of 10 per cent to close at 44 kobo per share while Portland Paints Plc gain 2.50 per cent to close at N2.05 per share.
UAC Property Plc trailed with 1.23 per cent to close at 82 kobo per share.
On the flip side, Royal Exchange Plc topped the day’s loser’ table with 8 per cent to close at 23 kobo per share while Neimeth Pharmaceuticals Plc followed with 757 per cent to close at N1.71 per share.
Union Dicon Plc dropped 7.41 per cent to close at 25 kobo per share.