The Nigerian Exchange shed N208bn in market capitalisation, closing bearish on Wednesday.
- The market capitalization stood at N59tn at the end of the trading session.
- The All-Share Index dropped by 343.31 points, a 0.35 per cent decline, closing at 97,296.57 pointsThis downturn marked a one-week loss of 0.95 per cent and a four-week loss of 0.74 per cent.
- However, the ASI has recorded a year-to-date gain of 30.12 per cent.
- A total of 127 equities participated in trading, with 23 gainers and 26 losers.
- 822.46m shares were traded in 9,385 deals, corresponding to a turnover of N10.29bn.
- This represents a 49 per cent increase in trading volume and a 28 per cent rise in turnover compared to the previous session.
- Sunu Assurances Nigeria led the gainers, appreciating by 9.97 per cent to close at N4.19 per share.
- Guinea Insurance followed with an 8.16 per cent gain, closing at 53 kobo.m
- Conoil and Daar Communications both advanced by 6.56 per cent, closing at N276.00 and 65 kobo per share, respectively.
- Other gainers included NASCON (+6.23 per cent, closing at N32.40) and Caverton Offshore (+5.56 per cent, closing at N1.90).
- On the losing side, John Holt led with a 10 per cent decline, closing at N9.90 per share. Aradel Holdings Haldane McCall fell by 8.43 per cent to N5.65, and UPDC shed 8.12 per cent.
