The Nigerian stock market closed slightly lower on Wednesday as bearish trading pushed the All-Share Index (ASI) down by 0.05 per cent to 146,862.00 points, compared with 146,940.29 points recorded in the previous session.
Similarly, the market capitalisation dipped by 0.04 per cent, shedding about ₦34 billion to close at ₦93.625 trillion, down from ₦93.659 trillion.
Despite the marginal decline, trading activity remained strong. Investors exchanged 747 million shares worth ₦12.4 billion in 19,161 deals.
Market breadth, however, leaned positive, with 28 gainers outperforming 23 laggards.
Top Gainers
JapaulGold topped the gainers’ chart, appreciating by 10.00% to close at ₦2.53 from ₦2.30.
Prestige Assurance, Mecure, and The Initiates Plc also posted notable gains of 9.40%, 7.72%, and 7.30% respectively.
Top Losers
Chams led the losers, falling by 10.00% to ₦3.06 from ₦3.40.
HMC Allied Industries, UACN, and SUNU Assurance also recorded losses of 8.88%, 8.18%, and 6.98% respectively.
Volume Drivers
Cutix Plc dominated trading volume with 123 million shares traded in 215 deals, valued at ₦369 million.
FCMB followed with 81 million units exchanged in 389 deals, worth ₦879 million.
ConHall Plc traded 71 million shares in 44 deals, valued at ₦286 million.
Overall, Wednesday’s session reflected cautious market sentiment, even as select equities attracted strong investor interest.
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