The Nigerian equities market recorded a remarkable decline in value of capitalization barely 24 hours after its value hit a 15-year high on Tuesday as the All-Share Index (ASI) traded 0.08% lower to close at 66,439.53 index points.
At the end of Tuesday’s trading session, the ASI, which is the benchmark index, closed at 66,490.34 index points.
Similarly, the market capitalization of equities dipped by N28 billion to close at N36.362 trillion, 0.08% lower than the N36.390 trillion recorded in the previous trading session and reducing its year-to-date (YTD) to +29.63%
The data released by the Nigerian Exchange Limited (NGX) on Wednesday’s trading session indicated that the total volume traded on the local bourse stood at 637.19 million, valued at N7.79 billion in 10,033 deals.
According to the market indices report on how the stocks performed, the market breadth closed negative as CHIPLC (10.00%) led gainers while TRANSCORP (-9.99%) led losers and its stock remained the most traded equity by volume at the end of today’s session.
The data showed that the trading volume was 45.82% higher than the previous day’s session as 637.19 million units of shares were traded today.
A further analysis of the market indices based on the top ASI gainers and top ASI losers indicated that CHIPLC, CAPHOTEL and UPL led the top gainer’s chart as they all gained +10.00%, +10.00% and +9.77% respectively while TRANSCORP, CWG, and IKEJAHOTEL led the top losers’ chart as they lost –9.99%, -9.88%, and -9.84% respectively.
