Wednesday’s trading session on the Nigerian Exchange (NGX) closed on a milder note, with data showing some level of decline compared to Tuesday’s session.
According to data obtained by news.ng, a total of 694,761,309 shares valued at N20.54 billion changed hands in 42,072 deals, representing a 6% decline in volume, a 16% drop in turnover, and a 9% fall in deals.
Market capitalisation stood at N107.9 trillion, showing investor confidence in quoted companies on the NGX.
Out of the 132 listed companies on Wednesday, investors witnessed 53 gainers, outpacing 26 losers.
Among the gainers were Berger Paints, which closed at N66.00 per share, representing a 10% rise in share price. RT Briscoe also closed up 10%, Daar Communications, owners of AIT and Ray Power FM, gained 10%, while Fortis Global Insurance posted a 10% increase.
On the other hand, Red Star Express ended Wednesday’s trading in negative territory, as the logistics company closed at N17.15K per share, representing a 9.97% decline.
Other decliners include Deap Capital Management & Trust at 9.97%, Union Homes Real Estate Investment Trust, which closed at 9.95%, and McNichols at 9.93%.
Most traded stocks included Chams, which recorded a traded volume of 57.4 million shares, followed by Universal Insurance Company with 56.2 million shares, First HoldCo with 35.3 million shares, and Deap Capital Management & Trust, which had 26.8 million shares traded.
Despite the 16% drop in trading turnover, the N107.9 trillion in market capitalisation shows a sign of investor confidence in the NGX.
