Nigerian equities market closed in the red on Wednesday ahead of the Christmas holidays as 14 stocks lost points. Investors traded 224,026,702 shares worth N2.658 billion in 2,677 transactions during the trading hours of Wednesday.

Market value of all listed equities dropped to N22.050 trillion while the Nigerian Exchange Limited (NGX) depreciated by 0.34 percent to 42,244.22 index points.

Sectorial analysis showed the NGX Banking Index lost 100bps on UBN (-5.15%), UBA (-1.26%), WEMABANK (-1.25%) and ZENITHBANK (-1.01%). UNIYTYBANK (+2.22%) and FIDELITY (+0.39%) gained points.

The NGX Industrial index shed 21bps on WAPCO (-3.75%). CUTIX (+10.00%) was a gainer in that sector today.  However, the NGX Consumer Goods Index gained 58bps on NESTLE (+1.43%). INTBREW (-2.06%) was a loser in that space today. The NGX Oil and Gas Index lost 75bps on OANDO (-3.96%).

Top Five Gainers

Symbols Last Close Current Change %Change
MAYBAKER N 4.10 N 4.51 0.41 10.00 %
CUTIX N 2.40 N 2.64 0.24 10.00 %
UPDC N 1.16 N 1.25 0.09 7.76 %
CHIPLC N 0.59 N 0.62 0.03 5.08 %
CHAMS N 0.20 N 0.21 0.01 5.00 %

Top Five Losers

Symbols Last Close Current Change %Change
ROYALEX N 0.75 N 0.70 -0.05 -6.67 %
LASACO N 1.10 N 1.03 -0.07 -6.36 %
UBN N 4.85 N 4.60 -0.25 -5.15 %
FCMB N 3.00 N 2.87 -0.13 -4.33 %
OANDO N 4.55 N 4.37 -0.18 -3.96 %

Top Five Trades

Symbols Volume Value
UACN 77367451.00 696465127.15
MBENEFIT 15040350.00 4326136.50
SOVRENINS 12150005.00 3005001.25
VERITASKAP 9633012.00 2023012.52
ACCESS 8983532.00 80903596.70

Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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