The Nigerian Change prolonged its shedding streak on Wednesday, shedding N289bn in market worth as bearish sentiments continued for the third consecutive buying and selling session.
The benchmark All-Share Index declined by 0.44 per cent to shut at 104,915.13 factors, dragging the overall market capitalisation to N65.8tn.
Investor participation surged regardless of the adverse sentiment, with 1.37 billion shares traded in 12,012 offers, amounting to a turnover of N12.37bn. This represented a 290 per cent improve in buying and selling quantity, a 51 per cent rise in turnover, and a seven per cent uptick within the variety of offers in comparison with the earlier buying and selling day.
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Julius Berger Nigeria led the gainers’ chart, appreciating by 8.47 per cent to shut at N137 per share, adopted by Omatek Ventures, which rose by 6.15 per cent. UPDC and Wema Financial institution recorded positive factors of two.69 per cent and a couple of.43 per cent, respectively.
On the losers’ desk, Livestock Feeds suffered the very best decline, shedding 10 per cent to shut at N8.46 per share. E-Tranzact Worldwide shed 9.4 per cent, whereas Wapic Insurance coverage and MRS Oil Nigeria fell by 9.27 per cent and eight.99 per cent, respectively.
When it comes to market exercise, Sovereign Belief Insurance coverage recorded the very best quantity of traded shares at 1.01 billion, adopted by Constancy Financial institution with 42.8 million shares. Entry Holdings and Jaiz Financial institution traded 30.6 million and 24 million shares, respectively.
Throughout the sectoral indices, the Premium Index misplaced 0.49 per cent, whereas the Pension Index declined by 0.69 per cent. The Shopper Items Index dipped marginally by 0.11 per cent, whereas the Industrial Index remained flat.
