Nigerian Stock Market continues bearish trend as ASI declines by 0.18%

The Nigerian Exchange Limited (NGX) extended its bearish trend during Thursday’s trading session, with the All-Share Index (ASI) dropping by 0.18% to close at 67,084.95 points. The market capitalization also decreased by N66 billion, settling at N36.857 trillion compared to N36.923 trillion on the previous day.

The market registered 5,205 deals during the trading session, a decrease from the 5,998 deals seen on Wednesday. Additionally, trading volume witnessed a significant decline, with 267.65 million shares exchanged, marking an 18.8% drop from the 329.66 million shares traded the day before.

On the positive side, trading value saw an increase, with the market recording N5.11 billion compared to the previous day’s N4.41 billion.

Fidelity Bank (-1.82%) led the list of most traded stocks in terms of volume, with 39.83 million units traded, followed by CHAMS (+3.65%) with 23.50 million units, ACCESSCORP (+0.30%) with 20.56 million units, UBA (+0.27%) with 19.01 million units, and JAPAULGOLD (0.00%) with 18.25 million units.

In terms of value traded, NESTLE (+2.94%) led the pack with N1.748 billion, followed by STANBIC (-3.21%) with N495.12 million, GTCO (-1.55%) with N482.13 million, UBA (+0.27%) with N357.27 million, and ACCESSCORP (+0.30%) with N347.75 million.