The All-Share Index (ASI) ended the trading session in negative territory, shedding 210.15 points to close at 98,081.38, slipping beneath its starting value.
This reflects a 0.21% decline from the previous day’s level, underscoring the market’s struggle to maintain upward momentum.
Investor sentiment remained tepid as market volume declined for the third consecutive day. A total of 239 million shares were traded, representing a 7% drop from the 257 million shares exchanged a day earlier.
These transactions spanned 7,318 deals, with the day’s market capitalization settling at N59.43 trillion.
Amid the overall bearish sentiment, some stocks managed to deliver notable gains. GOLDBREW and DEAPCAP stood out as top performers, while STERLINGNG, ZENITHBANK, and GTCO dominated the leaderboard in terms of the trading volume.
Leading the rally among gainers, CHAMPION posted an impressive 9.97% jump, with DEAPCAP following closely behind with a 9.85% surge.
However, ARADEL emerged as the top decliner, plunging by the daily maximum of 10.00%. REGALINS and DAARCOMM also recorded steep losses, sliding 8.82% and 6.78%, respectively.
Market activity took a slight dip as trading volume decreased to 239 million shares, representing a 7% decline from the previous session’s total of 257 million shares.
STERLINGNG emerged as the most actively traded stock, leading the volume charts with 42.78 million shares exchanged. ZENITHBANK followed with 20.05 million shares, while GTCO recorded 19.30 million shares.
Other noteworthy performers included ACCESSCORP, which traded 16.29 million shares, and UBA, with 11.10 million shares changing hands.
In terms of transaction value, ARADEL took centre stage, recording trades worth an impressive N1.04 billion. GTCO followed closely, registering trades valued at N1.00 billion.
ZENITHBANK and OANDO also made a strong showing with transactions worth N751.8 million and N526.1 million, respectively, while CONOIL rounded out the top five, posting a trading value of N452.4 million.