There was a decline witnessed in the volume and value of traded units in Nigeria’s stock market.
Transcorp Plc, Guaranty Trust Holding Company Plc and FBN Holdings were the major market drivers contributed in terms of volume and value.
Trading activities on the Nigerian Exchange on Wednesday was below expectations as market capitalisation marginally depreciated to ₦55.87tn.
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At the close of trading, investors lost ₦1 billion, as the All-Share Index depreciated 0.002% to 102,106.31 points.
The volume of trade slowed to 341.92 million units from 494.19 million units on Tuesday, and the value of traded units dropped by 15.68% to ₦6.41 billion.
Also, the number of trades dipped by 17.82% to 9,665 deals, after declining in the two previous trading days.
Gainers And Losers
Market breadth, which is a measure of investors’ sentiments, remained negative, as reflected in 19 gainers and 36 losers.
Meyer Plc led the gainers’ chart with a 10% appreciation to close trading at ₦5.72.
Tripple G gained 9.84% to close at ₦4.13 and Juli Plc’s shares appreciated by 9.09% to close at ₦0.84.
The losers’ table was led by AIICO Plc, whose shares depreciated by 9.92% to close at ₦1.18.
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Also, Cadbury Nigeria Plc dipped by 9.50% to ₦21.90 and Guinea Insurance Plc, saw its share price dip by 8.93% to ₦0.51.
