Investors Lose N1bn as All-Share Index Dips Slightly to 102,106.31 Points

In the latest trading session on the Nigerian Exchange, investors faced a minor setback as the All-Share Index (ASI) experienced a slight dip, resulting in a loss of N1 billion in market value.

The ASI depreciated by 0.002 percent to settle at 102,106.31 points at the close of trading.

Trading activities reflected a subdued atmosphere as market participants exercised caution amid prevailing economic conditions and global uncertainties.

The decline in market capitalization was notable, falling to N55.87 trillion by the session’s end.

Volume of trade observed a significant slowdown, with 341.92 million units exchanging hands compared to the previous session’s 494.19 million units.

Similarly, the value of traded units witnessed a decline of 15.68 percent, amounting to N6.41 billion.

The number of trades also saw a notable decrease, totaling 9,665 deals, down by 17.82 percent from the previous trading day, extending the trend of declining trading activity.

Market breadth, which measures the sentiment of investors, remained negative with 19 gainers and 36 losers.

Among the gainers, Meyer Plc led the pack with a 10 percent increase in share price, closing at N5.72. Tripple G and Juli Plc followed suit with appreciations of 9.84 percent and 9.09 percent, respectively.

Conversely, AIICO Plc recorded the most significant decline among losers, with its shares depreciating by 9.92 percent to close at N1.18. Cadbury Nigeria Plc and Guinea Insurance Plc also experienced notable dips in their share prices, falling by 9.50 percent and 8.93 percent, respectively.

Overall, Transcorp Plc, Guaranty Trust Holding Company Plc, and FBN Holdings emerged as the volume and value drivers, shaping the day’s market trend.

Investors continue to monitor market dynamics closely amid evolving economic conditions and regulatory developments.