Nigerian Stocks Dip In Wednesday's Trading

Nigerian stocks experienced a decline following the Presidential Election Petitions Tribunal (PEPT) decision on Wednesday trading session.

The All-Share Index (ASI) closed at 68,286.28 index points as opposed to 68,334.68 index points from the previous day's trading session, a decrease of 0.07%.

The market value of shares also decreased by N27 billion to conclude at N37.373 trillion, which is 0.07% less than the N37,400 trillion reported in the previous trading session.

The following are the market indices for the current trading session: The year-to-date (YTD) performance of the NGX ASI exhibited a positive trend at +33.24% while the index closed at 68,286.28 points, reflecting a -0.07% day change.

N37.373 trillion is the market capitalization as a whole. A sizable volume of 378.65 million shares worth N5.48 billion were traded throughout the day in a total of 7,671 deals.

Market breadth ended the day in the negative, with GUINEAINS (10.00%) leading gainers and VITAFOAM (-10.00%) leading losers, while OANDO was the most actively traded equity by volume.

The top three gainers were GUINEAINS, BETA GLASS, and CALVERTON, who each saw gains of +10.00%, +9.91%, and +9.84%.

As for the top losers, VITAFOAM, VERITASKAP, and LINKASSURE topped the list with losses of -10.00%, -7.69%, and -5.56%, respectively.

As opposed to the previous day's session, when 557.85 million shares were moved, today's volume of trading was lower at 378.65 million units.

OANDO topped the volume list with 83.53 million units traded. The top 3 traded stocks for today were TRANSCORP (26.66 million), UBA (35.63 million), and UBA.

OANDO (N609.38 million) topped the list in terms of value traded, followed by UBA (N533.75 million), and ACCESS HOLDINGS (N321.08 million) to complete out the top three.

Shares of companies with market capitalizations over $1 trillion (shoot) experienced varied results, with DANGOTE CEMENT (0.05%) closing in the green and GTCO (-1.77%) and ZENITH BANK (-0.14%) recording negative trading sessions.

Airtel Africa, BUA Cement, BUA Foods, SEPLAT Energy, and MTN Nigeria all experienced flat sales.

Shares of Tier 1 banks experienced mixed trading sessions, with gains for FBN HOLDINGS (0.84%) outpacing losses for GTCO (-1.77%), UBA (-0.33%), ACCESS HOLDINGS (-0.29%), and ZENITH BANK (-0.14%).