The Nigerian Exchange (NGX) closed the trading session on a negative note on Wednesday, reversing the previous three days of positive trade.
The All-Share Index (ASI) closed 0.03% down at 68,335.72 index points, down from 68,359.22 index points the previous day.
Similarly, the entire market value of stocks fell by N13 billion, closing at N37.400 trillion, 0.03% lower than the previous session's N37.413 trillion.
Despite the dip in the ASI, the year-to-date (YTD) performance remained robust at +33.33%. During the trading session, a total of 566.63 million shares were exchanged, with a total value of N5.39 billion, involving 8,201 deals.
Market breadth displayed a negative trend, with SUNU ASSURANCE (10.00%) leading the gainers and TRANSCORP HOTELS (-10.00%) leading the losers. OANDO stood out as the most traded equity in terms of volume, with 110 million units exchanged.
In the list of top gainers, SUNU ASSURANCE, BERGER, and OANDO posted gains of +10.00%, +9.91%, and +9.77%, respectively.
Conversely, TRANSCORP HOTELS, IKEJA HOTEL, and NSLTECH were the top losers, recording losses of -10.00%, -9.93%, and -7.41%, respectively.
Trading volume for the day decreased compared to the previous session, with 566.63 million units of shares traded, down from 673.74 million.
OANDO dominated the volume chart, with 110 million units traded, followed by CHURCHVILLE (66 million) and CHAMS (56.39 million).
In terms of value traded, OANDO led with N1.60 billion, followed by ACCESS HOLDINGS with N563.30 million and CHAMS with N81.80 million.
Among the stocks with over one trillion naira in market capitalization, ZENITH BANK (0.15%), AIRTEL AFRICA (1.57%), and GTCO (0.56%) experienced positive trading sessions.
On the other hand, BUA CEMENT, BUA FOODS, SEPLAT ENERGY, DANGOTE CEMENT, and MTN NIGERIA remained unchanged.
Tier 1 banks exhibited mixed trading performances, with UBA (-2.29%), ACCESS HOLDINGS (-1.15%), and FBN HOLDINGS (-2.01%) recording negative sessions, while ZENITH BANK (0.15%) and GTCO (0.56%) closed positively.