The Nigerian Exchange (NGX) closed negative on Wednesday, with investors losing ₦121 billion amid sustained bearish sentiment in the equities market.
At the close of trading, the All-Share Index (ASI) fell to 146,055.89 points, while market capitalization dropped to ₦92.2 trillion from ₦92.4 trillion in the previous session.
Despite the downturn, market breadth was positive as 53 stocks gained, 21 declined, and 72 remained unchanged across 30,749 deals.
Top gainers included Learn Africa Plc, Tripple Gee & Co. Plc, and Prestige Assurance Plc, each rising 10%. On the flip side, Thomas Wyatt Plc led the losers with a 10% decline, followed by UPDC Plc (-7.94%) and Legend Internet (-6.35%).
In terms of activity, Universal Insurance Plc led trading volume with 193 million shares, while Access Holdings Plc topped the value chart at ₦2.3 billion.
Analysts say the decline reflects cautious investor sentiment, with profit-taking in key sectors offsetting gains in others. They expect mixed performance in the coming sessions as investors weigh market opportunities against prevailing risks.
