The Nigerian Exchange Limited (NGX) sustained its bearish trend on Wednesday, October 9, as investors lost N56 billion after the equities market dropped 0.10%.
The equity capitalisation crashed to N56.02 trillion from N56.07 trillion recorded by the bourse on Tuesday.
The benchmark All-Share Index (ASI) decreased to 97,487.14 points from 97,584.81 recorded the previous trading day.
The market breadth was negative as 15 stocks advanced and 38 stocks declined, while 72 stocks remained unchanged in 8, 582 deals.
On the flip side, the top three losers were Ellah Lakes, ABC Transport and Eterna as they shed 9.84%, 9.63%, and 8.52% each to close at N4.40, N1.22 and N24.70 from the previous N4.88, N1.35, and N27.00 per share.
Lasaco, Mecure, and Julius Berger led other gainers with 10%, 9.47%, and 9.33% growth each in share prices to close at N2.53, N9.25, and N164.00 from the previous N2.30, N8.45, and N150.00 per share.
On the volume index, Fidelity Bank led trading with 66 million shares valued at N988 million in 279 deals followed by United Bank for Africa (UBA) which traded 38 million shares valued at N1 billion in 758 deals and Sterling Bank traded 33 million shares valued at N179 million in 156 deals.
On the value index, UBA recorded the highest value for the day trading stocks worth N1 billion in 758 deals followed by Fidelity Bank which traded equities worth N988 million in 279 deals and Oando traded shares valued at N934 million in 1,098 deals.
