NGX Extends Losses, ASI Down 0.15% as Market Cap Falls to ₦89.06tn

The Nigerian Change (NGX) closed decrease on Wednesday with the All-Share Index (ASI) declining by 0.15% to settle at 140,716.10 factors, whereas market capitalisation dropped to ₦89.06 trillion, reflecting a lack of about ₦161.3 billion in buyers’ wealth.

Market Snapshot

Gainers’ Chart

The session witnessed resilience in choose counters:

Dangote Sugar rebounded strongly, topping gainers with a ten.00% rise to ₦59.40.
Lotus Halal 15 ETF superior 9.99% to ₦75.87, whereas Mecure Industries Plc added 9.95% to ₦23.75.
NSLTECH and Cornerstone Insurance coverage Plc each posted 8.00% positive aspects, highlighting renewed curiosity in insurance coverage and penny shares.

Losers’ Chart

The downturn was largely formed by selloffs in fastened revenue–linked securities and mid-tier equities:

FGSUK2031S4 led losers with a steep 24.18% drop to ₦73.50.
Deap Capital Plc (–9.42%), Legend Insurance coverage Plc (–9.26%), WAPIC (–8.75%), and R.T. Briscoe Plc (–8.16%) all weighed closely on market breadth.

Most Traded Shares

Exercise remained strong throughout banking counters:

Zenith Bank Plc dominated with 68.99m items value ₦4.76bn.
Entry Holdings Plc adopted with 47.31m shares valued at ₦1.18bn, whereas First HoldCo Plc posted ₦1.42bn in trades.
Fidelity Bank Plc and GTCO rounded off the highest trades, exchanging ₦868m and ₦2.08bn respectively.

Bonds and ETFs

Bonds: Costs remained flat throughout sovereign and company points, with no vital modifications.
ETFs: The phase confirmed combined efficiency. Stanbic ETF 30 climbed 3.29% to ₦440.00, whereas MerGrowth ETF gained 2.56% to ₦400.00. Others, together with NewGold and VetGoods, closed flat.

Market Outlook

The third consecutive decline underscores sustained investor warning, notably amid volatility in client items and insurance coverage shares. Good points in Dangote Sugar and ETFs supplied a cushion however have been inadequate to offset broader losses.

Going into Thursday’s session, market path stays bearish, with profit-taking anticipated in mid-cap equities, although selective curiosity in blue chips might present some reduction.