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.

NGX Is Open For Business, Popoola Tells Investors


Trading activities on the Nigerian Exchange on Wednesday was below expectations as market capitalisation marginally depreciated to ₦‎55.87tn.

Have You Read: Stock Market Rises From Loss To Gain ₦‎14.44trn

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.

You May Also Like: Stock Market Foreign Inflows Decline To Hit 15-year Low

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.


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.