The Nigerian Exchange Limited (NGX) lost 0.25 percent on Wednesday following three consecutive days of gains that saw NGX market capitalization approach N60 trillion.

Activity on the Exchange declined as investors exchanged 257.552 million shares worth N8.993 billion in 7,776 transactions, compared to 286.1 million shares worth N26.8 billion traded in 9,650 deals on Tuesday.

The market capitalization of listed equities decreased by N148 billion from N59.707 trillion in the previous session to N59.559 trillion on Wednesday.

The NGX All-Share Index dropped 0.25 percent, or 249.4 points to close at 98,291.53 index points from 98,540.93 index points on Tuesday.

Deap Capital Management led the gainers with a 10 percent increase while UACN and Dangote Sugar followed with 9.90 percent and 9.69 percent gains, respectively.

On the flip side, Custodian led the losers with an 8.98 percent decline to close at N11.65 per share. Okomu Oil lost N24.90, or 6.86 percent to settle at N338.10 per unit and Consolidated Hallmark Holdings fell 6.62 percent, or 10 kobo to N1.41 per share.

Fidelity Bank was the most traded stock with 38.209 million shares worth N559.084 million exchanged. See other details below.

Top Five Gainers

Top Five Losers 

Top Five Trades

The Nigerian Exchange Limited (NGX) closed higher on Tuesday despite an inflation report showing consumer prices increased at a faster pace in the month of September.

The Consumer Price Index, which measures inflation in an economy, showed the nation’s inflation rate quickened to 32.7 percent in September.

However, the NGX market capitalization appreciated thereafter by 0.33 percent or N197 billion to N59.707 trillion from N59.510 trillion recorded on Monday.

The NGX All-Share Index (ASI) also closed higher at 98,540.93 index points, a 325.80 points increase from 98,215.13 index points it closed in the previous session.

The Exchange sustained its momentum as investors jumped on Aradel, Oando and other stocks to push cumulative gain in the last three days to N3.69 trillion, according to a note by Atlas Portfolios Limited.

In its update, Atlass Portfolios Limited told investors that approximately 286.04 million units valued at ₦26,817.03 million were transacted across 9,650 deals.

Champion Breweries led the gainers as it expanded by 9.97 percent to quote at N3.42, Tantalizers added 9.09 percent to sell at 60 Kobo, Oando gained 7.93 percent to N77.60, Aradel Holdings rose by 6.09 percent to N820.00, and Eterna jumped by 4.86 percent to N25.90.

Caverton led the losers as it declined by 10.00 percent to trade at N2.34, Tripple G fell by 9.95 percent to finish at N1.81, C&I Leasing dropped by 9.80 percent to N3.59, Jaiz Bank weakened by 9.21 percent to N2.17, and Deap Capital declined by 9.09 percent to N1.20.

At the Tuesday session, investors transacted 286.1 million shares worth N26.8 billion in 9,650 deals versus the 305.0 million shares worth N19.8 billion traded in 8,083 deals in the previous day, this indicated a fall in the trading volume by 6.20 percent and a rise in the trading value and the number of deals by 36.04 percent and 19.39 percent, respectively.

Access Holdings topped the activity chart with 46.0 million equities sold for N928.5 million while Zenith Bank followed with 30.4 million shares worth N1.1 billion.

Investors transacted 25 million stocks of Aradel Holdings valued at N20.8 billion. UBA and Veritas Kapital experienced 16.9 million shares worth N412.9 million and 15.1 million equities valued at N22.7 million, respectively.

The Nigerian Exchange (NGX) Limited market value rose by 6.10% on Monday, October 14 as Aradel Holdings Plc introduced its N3 trillion market capitalisation company to Nigeria’s main stock market.

Data showed that the NGX All-Share Index (ASI) advanced by 0.62%, while the market capitalization surged by 6.10%.

Investors King reports that the performance indicators were boosted due to the listing of Aradel Holdings Plc’s 4,344,844,360 Ordinary Shares of 50 kobo each at N702.69 Per Share on the exchange.

The All-Share Index advanced by 608.50 basis points in today’s trading session, reflecting a 0.62% increase to close at 98,215.13 points.

The market breadth closed negative, recording 19 gainers and 31 losers. But the sectoral performance was positive as three of the five major market sectors rallied.

Coronation Insurance was the best-performing equity after it jumped by 10.00% to 88 Kobo, The Initiates increased by 9.74% to N2.14, Consolidated Hallmark gained 9.35% to close at N1.52, MeCure Industries went up by 8.91% to N11.00, and NASCON rose by 6.67% to N32.00.

On the flip side, Vitafoam Nigeria finished the day as the worst-performing stock after it dropped 9.09% to sell for N20.00, Tantalizers tumbled by 8.33% to 55 Kobo, Integrated Energy Insurance slumped by 6.37% to N1.47, Secure Electronic Technology shrank by 6.15% to 61 Kobo, and Guinea Insurance moderated by 6.12% to 46 Kobo.

During the session, 305.0 million equities valued at N19.7 billion exchanged hands in 8,083 deals compared with the 304.4 million equities worth N5.6 billion traded in 6,950 deals last Friday, indicating a rise in the trading volume, value and number of deals by 0.20%, 251.79% and 16.30%, respectively.

Cutix closed the day as the most active stock for selling 37.9 million units worth N95.2 million, Zenith Bank traded 34.1 million units for N1.3 billion, UBA transacted 33.9 million units valued at N897.8 million, Chams exchanged 18.8 million units worth N38.2 million, and Aradel Holdings sold 18.7 million units for N14.5 billion.

The banking sector grew by +0.36%, followed by the Insurance sector, which gained +0.29% while the Consumer goods sector inched higher by +0.24%.

The Oil & Gas and Industrial sectors declined moderately by 0.02% and 0.01%, respectively.

The market will be looking to Nigeria’s inflation figure for September due to be released on Tuesday (October 15).