The Nigerian stock exchange extended its bearish streak on Wednesday with investors recording a loss of N758 billion.
Data from the Nigerian stock market on Wednesday show that the market capitalisation declined by N758 billion, or 0.49 per cent, to N154.445 trillion from N155.203 trillion recorded on Tuesday.
Similarly, the All-Share Index (ASI) shed 1,182.08 points, representing a 0.49 per cent decline, to close at 240,802.72, compared with 241,984.80 in the previous session.
This weakened the market’s Year-to-Date (YTD) return to 54.74 per cent.
The market breadth also closed negatively with 51 losers against 13 gainers.
The losers’ table was led by Geregu, dropping by 10 per cent, closing at N1,019.30.
Okomu Oil trailed by 9.97 per cent, finishing at N1,418, while Red Star Express shed by 9.95 per cent, ending the session at N27.60 per share.
On the flipside, Neimeth Pharmaceuticals led the gainers’ chart by 9.47 per cent, settling at N9.25, followed by Cornerstone Insurance and VFD Group, Mc Nichols and Sunu Assurances.
Further analysis indicated that market activity improved during the trading session, with total volume traded rising by 23.79 per cent to 662.96 million shares valued at N39.98 billion across 51,143 transactions.
Accordingly, Access Corporation emerged as the most traded stock by volume, with 130.26 million shares exchanged, representing 19.65 per cent of the total volume traded.
MTN Nigeria led the value chart, recording transactions worth N8.19 billion, which accounted for 20.48 per cent of the day’s total market value.
DAILY POST reports that in the last three days investors have continued to record bloodbath as their portfolios declined significantly.
Don’t Miss
Dollar to Naira exchange rate today, June 17, 2026: Nigerian currency continues depreciation
