The All-Share Index (ASI) closed at 48,554.76 from 49,370.62 on Monday, representing a decrease of 1.60 per cent.
The uptrend was impacted by gains recorded in large capitalised stocks, amongst which are; Seplat, Guaranty Trust Holding Company (GTCO), UCAP, among others.
Overall, the market was positive with 19 gainers relative to 18 losers.
On the price movement chart, 34 stocks recorded price depreciation while 12 others constituted the gainers’ chart.
Investors traded 340.67 million shares valued at N3.86 billion in 5,383 deals.
The market capitalisation rose by N30 billion on Wednesday.
In spite of the drop in market indicators, the total volume of trades traded increased by 36.16 per cent.
Seplat drove the gainers’ chart in percentage terms, improving by 10 percent to close at N544.50 per share.
