Mr Rabakaya said the intervention targeted 5,740 beneficiaries – pregnant women and lactating mothers, for conditional cash transfer.
The negative performance was driven by continued sell-offs of stocks of BUA Cement, Dangote Sugar, Transcorp and Fidelity Bank among others.
Traded volume declined by 28 per cent with 176 million units traded and value traded fell 19 per cent to N2.2 billion.
“Also, with the takeover of Ibadan DISCO by AMCON, the BPE has obtained approval from NERC to appoint Kingsley Achife as the interim managing director.”
The All Share Index (ASI) lost by 0.14 per cent to close at 53,193.98 points from 53,270.88 points the previous day.
Primary drivers of the performance of the market were stocks such as Oando, WAPCO, and Zenith, Fidelity and Access banks.
The market capitalisation upgraded by N320 billion to close at N25.95 trillion in contrast with N25.63 trillion achieved on Tuesday.
The All-Share Index (ASI) gained 0.34 per cent to close at 47.367.31 points from 47.205.03 points posted on Tuesday.
The market gain was driven by price appreciation in large and medium capitalised stocks.
The market breadth closed at par; 16 stocks advanced while 16 stocks declined.
