Market bleeds further as investors on NSE loseN342bn on Wednesday

Value erosion that has been the lot of investors on The Nigerian Stock Exchange since the beginning of the week, continued on WEdnesday as the market All-Share Index (NSE ASI) and the Market Capitalization decreased by 2.68 per cent.
The year-to-date return of the Exchange stood at 34.34 per cent even as investors lose N342 billion on Wednesday .
The All-Share Index closed at 36,102.38 against the previous close of 37,096.60 while Market Capitalization closed at ₦12.444 trillion against previous close of ₦12.786 trillion.
Volume traded decreased by 42.60 per cent from 391.625 million to 224.774 million, while the total value of stock traded decreased by 6.37 per cent from ₦5.436 billion to ₦5.090 billion in 4,822 deals.
The Financial Services sector led the activity chart with 170.116 million shares exchanged for ₦1.932 billion. Consumer Goods came next with 28.027 million shares traded for ₦2.835 billion, Conglomerates, Services, Oil And Gas sectors followed in that order on the activity chart.
FBNH, Access, Guaranty, Jaizbank and Zenithbank were the most active stocks by volume. Cileasing, Vitafoam, UPL, UBN and NASCON emerged the highest price gainers on the chart, while Jaizbank, Access, FCMB, Stanbic and Dangcem topped the losers chart.