Market dips as investors pull back
The Nigerian stock market took a hit on Wednesday, shedding ₦663 billion in value after widespread sell-offs across several major stocks. This marks a 0.73% drop in market capitalization, which slid from ₦90.23 trillion to ₦89.56 trillion.
The All-Share Index (ASI) also declined by 1,047.16 points to close at 141,566.31.
52 losers vs 18 gainers
Market sentiment leaned heavily negative, with 52 stocks losing value and only 18 gaining. Among the biggest losers were:
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Conoil: down 9.98% to ₦211.10
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Guinness Nigeria: down 9.98% to ₦140.20
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Consolidated Hallmark Holdings: down 9.94% to ₦4.35
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Royal Exchange: down 9.92% to ₦2.27
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FG142027S1: down 36.97% to ₦75
A few stocks still managed to shine
Despite the general decline, a handful of companies stood out with solid gains:
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Austin Laz: up 10% to ₦2.64
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Champion Breweries: up 9.97% to ₦19.74
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NCR Nigeria: up 9.77% to ₦9.55
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Multiverse Mining: up 8.82% to ₦11.10
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Enamelware: up 8.64% to ₦39.00
Trading volume, value, and activity all fell
Market activity slowed compared to the previous session. Investors traded 721.82 million shares worth ₦12.94 billion across 28,745 deals — down from 1.03 billion shares worth ₦17.66 billion across 34,352 deals on Tuesday.
Who moved the market?
The top five most active stocks by volume were:
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Champion Breweries – 54.5 million shares (₦988.3 million)
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Universal Insurance – 47.8 million shares (₦57.3 million)
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Royal Exchange – 46.2 million shares (₦105.2 million)
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Regency Alliance Insurance – 40.8 million shares (₦55.5 million)
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AIICO Insurance – 39.3 million shares (₦156.4 million)
