Nigerian Stock Exchange sees N773 billion dip in Equities 

Market capitalization suffered a setback, decreasing by N773 billion to reach N55.04 trillion by the close of the session. This downturn reflected the prevalent bearish sentiment among investors, attributed to significant declines of 10% and 9.94% in the share prices of FBN Holdings and MTNN, both members of the SWOOT group. 

Trading activity also saw a decline, with a total volume of 280.46 million shares traded, marking a decrease of 13.86 million shares compared to the previous session’s volume of 294.32 million shares. 

Additionally, the total trading value experienced a downturn, with shares worth N6.12 billion changing hands, indicating an 8.93% decrease from the N6.72 billion recorded in the preceding session. 

Here are the market Indices for today’s trading session    

NGX All-Share Index: 100,582.89 points    

Previous ASI: 101,995.53 points 

% Day Change: -1.39%      

% YTD: +34.52%     

Market Cap: N55.04 trillion     

Volume Traded: 280.46 million units     

Value: N6.12 billion     

Deals: 9,141 

TRANSCORP led in trading activity, with a volume of 44.41 million units exchanged. Following closely was ACCESSCORP, trading at 30.56 million units, then UBA with 26.51 million units, Zenith Bank with 24.96 million units, and NASCON with 13.80 million units. 

Regarding transaction value, NASCON topped the list, recording transactions worth N893.68 million. Zenith Bank secured the second position with N874.63 million, followed by DANGSUGAR with N768.88 million, UBA with N611.19 million, and ACCESSCORP with N600.55 million. 

The banking sector in the SWOOT category, including FBN Holdings, Zenith Bank, and GTCO, has recently recorded declines in their market values. Telco giant MTNN also experienced a drop of 9.94% in their share price. Conversely, AIRTELAFRI, BUACEMENT, BUAFOODS, DANGCEM, GEREGU, SEPLAT, and TRANSCOHOT have maintained stability. 

The banking sector in the SWOOT category, including FBN Holdings, Zenith Bank, and GTCO, has recently recorded declines in their market values. Telco giant MTNN also experienced a drop of 9.94% in their share price. Conversely, AIRTELAFRI, BUACEMENT, BUAFOODS, DANGCEM, GEREGU, SEPLAT, and TRANSCOHOT have maintained stability. 

Across all top-tier banking segments—FBN Holdings, UBA, Access Holding, Zenith Bank, and GTCO—there have been declines of 10%, 5.46%, 3.49%, 2.27%, and 0.13%, respectively, in their market worths