The inventory market prolonged its decline on Wednesday, with key efficiency indices falling by 0.44 per cent, signalling continued bearish sentiment amongst buyers.
Market capitalisation of the Nigerian Change Ltd., NGX, dropped by ₦289 billion or 0.44 per cent to ₦65.789 trillion, from ₦66.078 trillion recorded on Tuesday.
Equally, the All-Share Index declined by 460.56 factors or 0.44 per cent to shut at 104,915.13, in contrast with 105,375.69 posted the day gone by.
Market breadth ended destructive, with 37 equities declining and solely 13 recording features, reflecting weak investor confidence throughout varied sectors.
Livestock Feeds led the losers’ chart, shedding 10 per cent to shut at ₦8.49 per share, whereas eTranzact Worldwide fell 9.40 per cent to ₦5.30 per share.
WAPIC Insurance coverage declined 9.27 per cent to ₦2.35 per share, and MRS Oil Nigeria dropped 8.99 per cent, closing at ₦162.00 per share.
Might & Baker Nigeria additionally misplaced 8.05 per cent, ending the day at ₦8.00 per share, contributing to the general market downturn.
On the gainers’ chart, Julius Berger Nigeria appreciated 8.47 per cent, closing at ₦137.00 per share, whereas Omatek Ventures rose 6.15 per cent to 69k.
UPDC Actual Property Funding Belief superior by 2.69 per cent to ₦3.05 per share, and Wema Financial institution elevated 2.43 per cent to ₦10.55 per share.
Unilever Nigeria additionally recorded features, rising by 2.12 per cent to shut at ₦38.50 per share on the shut of commerce.
Whole commerce quantity reached 1.37 billion shares value ₦12.375 billion throughout 12,012 offers, displaying important exercise within the equities market.
This compares with 349.99 million shares value ₦8.221 billion exchanged in 11,230 offers within the earlier buying and selling session.
Sovereign Belief Insurance coverage led the exercise chart, with 1.009 billion shares valued at ₦989 million altering fingers.
Constancy Financial institution adopted, buying and selling 42.796 million shares value ₦723.151 million, whereas Entry Company offered 30.614 million shares for ₦698 million.
Jaiz Financial institution accounted for 23.950 million shares valued at ₦85.036 million, and Zenith Financial institution traded 21.630 million shares value ₦1.024 billion.NAN
