Nigerian Stock Market All Share Index Losses 0.08% on Wednesday

The Nigerian stock market All-Share Index fell 0.08% to settle at 66,439.53 points today, Wednesday. As a result, the ASI’s YTD return fell to 29.64%, while the market capitalization fell N27.81 billion to settle at N36.36 trillion.

Selling in tier-1 banking companies such as ZENITHBANK (-1.79%), GTCO (-0.95%), and STANBIC (-0.16%) countered demand for WAPCO (+2.11%), UBA (+0.73%), and DANGSUGAR (+1.48%), resulting in the poor performance.

Turnover settled higher than it was on Tuesday with the value of transactions increasing by 11.08%. In total, 637.19 million shares worth N7.79 billion were traded in 10,033 transactions. TRANSCORP (-9.99%) dominated the volume and value charts, trading 292.41 million units in transactions worth N2.15 billion. TRANSCORP (-9.99%) led nineteen (19) other companies on the laggard’s list, while UPL (+9.77%) led eighteen (18) other companies on the leader’s list.