Nigeria’s equities market closed negative on Wednesday as bears dominated the trading session, thereby driving down the market capitalization.
Information on the day’s session indicated that the All-share Index (ASI) depreciated by 0.16% to close at 52,615.51 points while the market capitalization dipped by N46 billion to close at N28.658 trillion.
The Year-to-Date (YtD) returns on the bourse settled at 1.97%. Since it opened this year for trading, the stock market has advanced by 1019.85 basis points.
The market breadth closed negative as CHELLARAM led 17 gainers, while FTNCOCOA topped the 21 at the end of today’s session.
A further analysis of the market indices reflected that 217.9 million shares were traded with N4.47 billion value in 3,377 deals.
At the end of the trading session on Wednesday, the NGX top five ASI gainers were CHELLARAM up + 9.77% to close at N1.46; CHIPLC up + 9.52% to close at N0.69; LINKASSURE up + 9.09% to close at N0.48; INTENEGINS up + 7.89% to close at N0.41; and MBENEFIT up + 6.67% to close at N0.32
However, the NGX top five ASI losers include FTNCOCOA down – 6.67% to close at N0.28; ABCTRANS down – 6.45% to close at N0.29; LIVESTOCK down – 5.00% to close at N1.14; REGALINS down – 3.57% to close at N0.27; and OANDO down – 3.51% to close at N3.85
The market indices further indicated that the top 3 traded stocks by volume were STERLNBANK – 94,270,211; ZENITHBANK – 16,918,676; GTCO – 13,162,108
Similarly, the top 3 traded stocks by value comprised GEREGU – N1,352,974,425; AIRTELAFRI – N612,596,768; and DANGCEM – N557,813,538
