The Nigerian Exchange (NGX) ended Wednesday’s trading session on a negative note, reversing the gains recorded a day earlier. Investors collectively lost about N70 billion in market capitalisation, as the All-Share Index declined by 111.37 points, or 0.1 per cent, closing at 109,619.10. This dip saw the total market capitalisation fall from N69.0 trillion to N68.9 trillion, signaling a cautious mood among investors.
Despite the overall loss, trading activity showed signs of improvement. A total of 664.16 million shares valued at N13 billion were traded across 19,439 deals. This represents a 34 per cent rise in volume compared to the previous day, although the turnover experienced a slight 2 per cent decrease. The market breadth was marginally positive with 29 gainers, 28 losers, and 67 stocks remaining unchanged.
Among the top gainers, RT Briscoe Nigeria Plc led the pack with a 10 per cent gain, closing at N2.09. Other notable gainers included Eunisell Interlinked Plc, Livestock Feeds Plc, and Linkage Assurance Plc, all posting gains above 9 per cent. Mutual Benefits Assurance Plc and Meyer Plc also featured among the top advancers of the day.
Conversely, Champion Breweries Plc and Lasaco Assurance Plc topped the losers’ chart, both shedding 10 per cent of their value. McNichols Plc, Multiverse Mining, and Sovereign Trust Insurance Plc also posted significant losses. Notably, Japaul Gold and Ventures Plc led in trading volume, followed closely by Tantalizers Plc and Fidelity Bank Plc.
Sector-wise, the Insurance Index performed best with a 1.14 percent gain, while the Consumer Goods and Main Board Indices also posted positive movements. In contrast, the Top 30, Industrial Goods, and Pension Indices recorded slight declines. Despite Wednesday’s setback, the market maintains a 6.5 percent year-to-date return, reflecting resilience in the broader trading environment.
Source: Punch