NGXASI slides further, down by 0.09%

Trading activities on the floor of the Nigerian Stock Exchange closed in an all red session on Wednesday as the All Share Index dropped further by 0.09% to settle at 195,898.53 points against the previous close of 196,066.11 points of Tuesday.

Market Capitalisation dipped by 0.09% to close at N125.750 trillion against the previous close of N125.858 trillion, shedding N108 billion.

Aggregate volume of traded stocks settled at 671 million units, down by 10.12% from the previous record of 746.9 million units while the traded value fell by 6.14% to stand at N26 billion from N27.8 billion on Tuesday.

The traded stock stood at 58,792 down by 9.93% from 65,275 deals of the last trading session.

Market Breadth

Market Breadth closed negative as 29 stocks gained in price against 40 stocks that lost.

Percentage Gainers

NGXGROUP led other percentage gainers with 10.00% growth to close at N186.45 from the previous close of N169.50

Other gainers include: Premier Paints, OMATEK and Prestige Assurance all gaining above 8.00% of their share prices ahead of other stocks in the green table.

Percentage Losers

PRESCO top the decliners’ list shedding 10.00% of its share price to settle at N2083.90 from N2315.40.

Still on the red table are UACN, MARISON and Living Trust Insurance, shedding 9.97%, 9.94% and 9.91% respectively.

Volume Drivers

Wema Bank traded about 106 million units of its shares in 774 deals, valued at about N2.75 billion.

ACCESSCORP traded about 59 million units of its shares in 1916 deals, valued at about N1.48 billion.

Mutual Benefits traded about 38 million units of its shares in 680 deals, valued at about N138 million.