All-Share Index slips 0.09%, sheds part of previous day’s gains 

ASI declined by 0.09%, settling at 96,715.04 points compared to the previous day’s close of 96,802.80 points, giving back some of the gains made on Tuesday.

Market capitalization also dipped by 0.09%, falling to N55.57 trillion from N55.62 trillion the previous day.

This was driven by significant price declines in stocks like CWG, NNFM, and ACADEMY, which each saw losses of over 9%.

CAVERTON led the gainers, surging by 9.95%, while CWG emerged as the top loser, dropping by 10%. Other major losers included NNFM and ACADEMY, which declined by 9.94% and 9.93%, respectively.

Overall, market activity saw a drop, with the total number of deals falling 22% to 9,546 from 12,241 recorded in the previous session.

Despite the bearish trend, trading volume rose to 600.04 million shares, up from 406.19 million shares the previous day.

JAIZ BANK led the volume with 273.23 million units, followed by UBA with 39.80 million shares. Other notable trades included ACCESSCORP (28.48 million shares), OANDO (26.61 million shares), and BRISCOE (22.05 million shares).

Total trading value, however, dropped by 32%, closing at N8.80 billion, down from N13.31 billion on Tuesday. OANDO led value trades at N2.43 billion, followed by UBA (N956.95 million), ZENITHBANK (N700.91 million), and GTCO (N570.80 million).