The Nigerian Exchange (NGX) closed negative on Wednesday, continuing its bearish run as profit-taking dominated trading activity among major market movers, including institutional investors.
The All-Share Index (ASI) shed 0.45%, dropping to 138,157.16 points from the previous close of 138,780.55 points. Similarly, market capitalisation fell by ₦395 billion to close at ₦87.416 trillion, down from ₦87.811 trillion.
Market activity remained strong, with investors trading 483 million units of shares in 28,193 deals, worth ₦19.7 billion.
Market breadth closed negative as 14 gainers were recorded against 44 decliners, reflecting the sustained sell pressure.
Top Gainers
Secure Electronic Technology rose 9.09% to close at ₦0.96 from ₦0.88, leading the gainers’ chart.
Consolidated Hallmark Holdings appreciated by 8.53%, while John Holt advanced by 7.94%.
Top Losers
Legend Internet, Learn Africa, and DAAR Communications all shed 10.00% each to top the losers’ table.
AXA Mansard and Universal Insurance followed with declines of 9.95% and 9.60%, respectively.
Volume Drivers
AccessCorp emerged as the most active stock with 43 million units traded in 1,439 deals, valued at ₦1.1 billion.
Fidelity Bank exchanged 40 million units in 711 deals, worth ₦844 million.
GTCO traded 35 million units across 1,636 deals, amounting to ₦3.2 billion.
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