The volatility of the local currency has made investors in capital market more cautious now, more than ever before.
It is a situation that made the All-Share-Index decline by 254.43 basis points during Thursday’s trading.
At the end of the day’s trading session on the Nigerian Stock Exchange (NGX), about ₦299 million shares worth ₦4 billion were traded in 5,453 deals.
Compared with the previous NGX trading day (Wednesday, October 18), Thursday’s data shows 25% decline in volume, 5% decline in turnover, and 12% decline in deals.
The NGX market capitalisation closed at ₦36.9 trillion, while the NGX All-Share Index (ASI) shed 254.43 (-0.38%) points to close at 67,098.80.
Have You Read: NGX Market Cap Rises To ₦36trn
A total of 114 NGX listed equities participated in trading, ending with 16 gainers and 25 losers.
Top Gainers
| LEARNAFRCA | 3.30 | +10.00% |
| DAARCOMM | 0.23 | +9.52% |
| UPDC | 1.35 | +8.00% |
| THOMASWY | 3.30 | +6.80% |
| SUNUASSUR | 1.12 | +6.67% |
| CHAMS | 1.50 | +4.90% |
Bottom Losers
| MCNICHOLS | 0.62 | -8.82% |
| OMATEK | 0.42 | -8.70% |
| STANBIC | 69.55 | -8.49% |
| CHAMPION | 3.41 | -8.09% |
| IKEJAHOTEL | 2.93 | -6.98% |
| LASACO | 1.90 | -5.00% |
Most Traded Shares
Breweries (-8.09%) United Bank for Africa recorded the highest volume of 56.3 million traded shares, followed by Fidelity Bank (33.9m), Access Holdings (22.2m) and Transcorp Nigeria (21.8m).
