The Nigerian Exchange (NGX) closed Wednesday’s trading session in decline, with investors losing N1.31 trillion.
A total of 517.25 million shares were traded in 27,287 deals, valued at N15.98 billion. This was a 24% drop in volume, a 22% decline in turnover, and an 18% fall in total deals compared to the previous session.
The All-share-Index (ASI) declined by 1.35% to close at 150,573.87 basis points, down from 152,629.60 points recorded on Tuesday.
Consequently, the market capitalisation dropped by the same margin to N95.7 trillion, resulting in a total market loss of N1.31 trillion.
Market Breadth was also negative, with 128 equities traded, leading to 16 gainers and 47 losers.
NCR Nigeria PLC led the gainers’ charts, rising 10% to close at N17.60. It was followed by Legend Internet Plc with a 9.16% gain to N5.84, while Cornerstone Insurance appreciated 8.80% to N6.18.
UPDC Plc gained 8.30% to N6.00, and Link Assurances Plc completed the top five gainers by appreciating by 8.11% to close at N2.
On the downside, Transnational Corporation Plc and C&I Leasing led the losers’ table with a 10% decline each, closing at N45.00 and N5.58, respectively.
Skyway Aviation Handling Company and Beta Glass both fell 9.99% to N80.60 and N393.70, while R.T. Briscoe shed 9.92% to close at N3.18.
In terms of activity, Fidelity Bank was the most traded equity for the day. The financial services powerhouse traded 608.16 million shares valued at N13.95 billion. Sterling Bank followed with 81.66 million shares sold at N628.47 million, while Zenith recorded 53.67 million units valued at N3.28 billion.
FCMB traded 40.40 million shares worth N424.23 million, and Access Holding Plc completed the top five with 39.42 million shares valued at N915.46 million.
