Equity market halts 12 successive gaining streak with a loss of N143.75 billion

Equity market halts 12 successive gaining streak with a loss of N143.75 billion

The Nigerian equity market today (Wednesday) closed trading on a negative note, as investors on the Nigeria Custom street took profit on 31 medium and large capitalized stocks to end the 12 successive gaining streak.  As a result, market breadth closed negatively, recording 31 losers as against 21 gainers.

In summary, the All-Share Index (ASI) decreased by 275.02 absolute points, representing a decline of 0.95% to close at 28,643.35 points. Similarly, the overall Market Capitalization size lost N143.75 billion, representing a decline of 0.95% to close at N14.97 trillion.

BERGER emerged top gainer (by percentage points) today, while UNILEVER tops the losers’ chart.

The downtrend was impacted by losses recorded in large and medium capitalized stocks, amongst which are; UNILEVER (-9.89%), CORNERST (-9.09%), ZENITH (-6.01%), GUINNESS (-5.66%), MANSARD (-4.74%), DANGSUGAR (-2.90%), UBA (-2.84%), GUARANTY (-1.59%), MTNN (-1.54%), UACN (-1.43%), and DANGCEM (-0.13%).


CAPN14,966,710,264,675.88One Day (ASI CHG)-0.95%
Index28,634.35One Week (ASI CHG)+6.72%
Volume832,879,354.00One Month (ASI CHG)+12.24%
ValueN9,539,161,242.52Six Months (ASI CHG)+38.54%
Deals9,180.0052 Weeks (ASI CHG)+6.58%

Source: NSEGTI Research


The NASD OTC market performance indicators today (Wednesday) closed unchanged, as the Unlisted Securities Index (USI) and the Market Capitalization value closed at 726.93 points and N533.98 billion respectively.

However, traded Volume and Value rose significantly compared to yesterday’s position. The pair increased by 1,293.60% and 1,244.85% respectively to 732,338 units and N77.09 million in deals.