Nigerian Stock Market Ends in Red as ASI Falls by 0.12%
Trading activities on the Nigerian Exchange (NGX) closed on a negative note on Wednesday, as the benchmark All-Share Index (ASI) declined by 0.12%, settling at 105,800.85 points.
This marked a drop from the previous day’s close of 105,931.18 points.
Market capitalisation followed the same trend, falling by ₦81 billion to ₦66.486 trillion from the ₦66.577 trillion recorded on Tuesday.
A total of 393 million shares were exchanged in 17,519 transactions, amounting to a turnover of approximately ₦12.8 billion.
Despite the overall bearish mood, market breadth remained positive. Of the listed equities, 39 recorded gains, while 25 posted losses.
University Press and VITAFOAM topped the gainers’ chart, each appreciating by 10.00% to close at ₦3.74 and ₦52.80, respectively. Other notable gainers included Livestock Feeds and C & I Leasing, with share price increases of 9.97% and 9.89%, respectively.
On the losing end, Ecobank Transnational Inc., International Breweries, and Ikeja Hotel declined by 10.00%, 10.00%, and 9.89%, respectively.
In terms of volume, UBA emerged as the most actively traded stock, with approximately 39 million shares exchanged in 878 deals, valued at around ₦1.36 billion.
Wema Bank followed with 26 million shares traded in 455 deals, worth about ₦400 million, while Fidelity Bank saw 25 million shares change hands in 561 deals, totaling ₦525 million in value.
