NGXASI dips by 0.25% as investors lose N148bn

The All-Share Index (ASI) has dipped by 25 basis points to close Wednesday’s trading at 98,291.53 points from 98,540.93 points on Tuesday.

This is as investors lost N148.06 billion as the Nigerian equities market closed Wednesday’s trading session in the red zone.

Market capitalisation also slid to N59.56 trillion, while the year-to-date return tumbled to 31.45 percent.

 Meanwhile, the trading witnessed  three consecutive sessions of gains driven by selloffs in OKOMUOIL (-6.86percent), ARADEL (-5.85 percent), FIDELITYBK (-2.34 percent), NESTLE (-2.25 percent), WAPCO (-0.69 percent), UBA (-0.41 percent), ACCESSCORP (-0.25 percent), FBNH (-0.19 percent), ZENITH (-0.13 percent), and 14 others.

Similarly, the Market Breadth closed flat with 23 gainers against 23 losers and 78 unchanged equities. DEAPCAP topped the gainers’ list, while CUSTODIAN topped the losers’ list.

The total volume traded declined 9.96percent to close at 257.55m, valued at N8.99bn and traded in 7,776 deals. FIDELITYBK was the most traded stock by volume, with 38.21m units traded, while ARADEL remained the most traded stock by value, worth N3.15bn.

The Gote and Toni indices were also up 0.43 percent and 0.02 percent to close at 252.78 points and 1116.35 points, respectively, while the Samad index remained flat at 337.71 points.

FIDELITYBK was the most traded in volume, contributing 14.84 percent, while UBA and GTCO followed closely with 13.12 percent and 6.50 percent, respectively.

ARADEL contributed the most in value traded, with a 35.01 percent share, while NESTLE and OANDO followed closely.