The Nigerian Exchange (NGX) closed lower on Wednesday, marking its second decline in August as the All-Share Index shed 191.11 points or 0.13 per cent to end at 145,864.78 points.
Market capitalisation dropped by N121bn to N92.3tn, with investors trading 1.34 billion shares valued at N20.18bn in 30,737 deals. Compared with Tuesday’s session, trading volume rose by 5 per cent, turnover fell by 17 per cent, and the number of deals dipped by 1 per cent.
Of the 128 equities traded, 53 gained, 21 lost, and the rest closed flat. Caverton Offshore Support Group, Learn Africa Plc, FTN Cocoa Processors Plc, Tripple Gee and Company Plc, RT Briscoe Plc, and Prestige Assurance Plc all led the gainers with 10 per cent increases.
On the losers’ chart, Thomas Wyatt Nigeria Plc fell by 10 per cent, followed by UACN Property Development (-7.94 per cent), Legend Internet Technologies (-6.35 per cent), Berger Paints (-6.16 per cent), Champion Breweries (-5.75 per cent), and Nigerian Breweries (-3.90 per cent).
In volume terms, Universal Insurance led with 193.43 million shares, followed by Japaul Gold (123.16 million), Veritas Kapital (93.22 million), Access Holdings (84.99 million), and Sterling Financial Holdings (68.20 million).
For value, Access Holdings topped with N2.35bn, trailed by Zenith Bank (N1.86bn), Aradel Holdings (N1.65bn), GTCO (N1.10bn), and UBA (N1.08bn).
Sector performance was mixed as the Insurance Index jumped 7.94 per cent and Oil and Gas rose 0.12 per cent, while the Top 30, Industrial, Main Board, and Premium indices recorded marginal declines.
 closed lower on Wednesday, marking its second decline in August as the All-Share Index shed 191.11 points....){kind=link}