The market reacted negatively to the MPR hike as sell-offs were recorded across board but price appreciation in BUA Cement lifted market performance marginally.
The NDDC director, Solomon Okpa Ita, was arraigned for allegedly diverting N45 million.
Market breadth closed negative as 13 stocks declined, while 10 advanced.
Mr Ukoha said that the convict received the amount on different occasions in 2016 on the pretext of helping the victim purchase a property.
Market capitalisation increased by N3 billion or 0.01 per cent to close at N26.670 trillion.
The market’s weak performance was due selloffs in the shares of Zenith Bank and United Bank for Africa(UBA).
The market breadth, however, closed negative as 16 equities lost relative to 13 gainers.
The market breadth ended with 15 stocks in the gainers’ and losers’ charts respectively.
The upturn was due to gains recorded by Zenith Bank, Stanbic Bank, Nigerian Breweries, MTN Nigeria among others.
The 17% growth was disclosed in the bank’s audited financial statement out on Wednesday.