Nigeria’s equities market Wednesday recorded its third consecutive loss of the week, as the benchmark index dipped by 0.79% to 26,598.94 points, following investors’ sell-offs of Nestle, Dangcem, and NB.
Thus, the Month-to-Date and Year-to-Date return worsened to -3.73% and -15.37%.
The total volume of trades increased by 217.86% to 591.04 million units, valued at N7.40 billion and exchanged in 2,907 deals.
Custodian was the most traded stock by volume and value at 349.05 million units and N2.52 billion respectively.
Sector performances were mixed, as losses in Consumer Goods (-1.80%), Industrial Goods (-1.63%) and Insurance (-0.77%) indices masked gains in Banking (+0.35%) and Oil & Gas (+0.10%) indices.
Market sentiment, as measured by market breadth, was negative (0.80x) as 15 tickers recorded declines relative to 12 gainers.
On the laggards list, PZ (-10.00%) and NCR (-9.09%) recorded the largest declines while Learnafrca (+9.80%) and CHAMS (+8.33%) topped the gainers’ list.