Nigerian Exchange Limited's Stock Market Declines 0.09%

The Nigerian stock market closed lower on the previous trading day, with the Nigerian Exchange Limited All-Share Index (NGX ASI) declining by 0.09%, or 222.61 basis points, to finish at 247,513.63 basis points, down from 247,736.24 basis points. This decline resulted in a Year-to-Date return of 59.06%.

Market capitalization also fell by N144 billion, or 0.09%, closing at N160.708 trillion compared to N160.852 trillion. Despite the overall decline, the market breadth was positive, with 24 gainers and 21 losers.

Notable gainers included Etranzact, which rose by 9.96% to N14.35, and WAPIC, which increased by 7.83% to N2.48. Conversely, Legend Internet led the losers with a drop of 6.85%, closing at N3.40.

Market activity saw a decrease, with total traded volume falling by 2.76% to 394.20 million shares, valued at N21.38 billion across 38,707 deals. Access Corporation led in volume with 57.02 million shares traded, while GTCO recorded the highest value at N3.13 billion.