The Nigerian All-Share Index (ASI) closed lower on September 24, shedding 213.5 points to settle at 140,716.1.
This marks a 0.15% decline from the previous day’s 140,929.6 and extends the market’s losing streak to four consecutive sessions.
Trading activity weakened, with volume dropping to 442.55 million units compared to 759.05 million the day before, reflecting reduced market participation.
Market capitalization also mirrored the negative sentiment, slipping to N89.06 trillion from N89.19 trillion across 21,684 deals.
ZENITH BANK, ACCESSCORP, and FIRSTHOLDCO led the volume table, trading the most shares.
Trading volume closed at 442.55 million shares, down from the previous day’s 759.05 million, reflecting a decline in market participation.
ZENITH BANK led with 68.9 million shares, followed by ACCESSCORP with 47.3 million. FIRSTHOLDCO ranked third at 46.1 million shares, while FIDELITY BANK and GTCO completed the top five with 42.3 million and 22.8 million shares, respectively.
Trading value
Stocks Worth Over One Trillion Naira (SWOOTs) showed mixed results as INTERNATIONAL BREWERIES gained 1.91% and LAFARGE advanced 1.75%.
Market outlook
Despite a mildly positive showing from the banking sector, the index still closed in the red, weighed down by weak participation.
If market activity picks up in large-cap stocks, the index could make another attempt at the 141,000 level.