The domestic equities market Wednesday recorded the second consecutive decline as the All Share Index (ASI) dipped by 0.74% to close at 29,062.50 points, following investor sell-offs of MTNN (-2.98%), ETI (-7.69%) and Access (-2.86%).
The total volume of trades decreased by 46% to 360.08 million units, valued at NGN2.83 billion and exchanged in 4,345 deals.
Morison was the most traded stock by volume at 126.77 million units while Zenithbank was the most traded stock by value at NGN674.03 million respectively.
All sector indices closed negative, save for the Insurance (0.33%) index, as the Industrial Goods (-0.29%) Consumer Goods (-0.21%), Banking (-0.21%) and the Oil & Gas (-0.11%) indices recorded declines.
Market sentiment, as measured by market breadth, was negative (0.6x), as 17 tickers recorded declines while 10 tickers recorded gains.
Livestock (-9.09%) and Sovrenins (-9.09%) recorded the largest declines, while Betaglas (+10.00%) and Cornerst (+9.43%) topped the gainer’s list.