NGX losses N27billion as investors await judgement of Presidential Election Petitions Tribunal

Nigerian equities declined at the end of Wednesday’s trading session as Investors await the outcome of the judgment on the Presidential Election Petitions Tribunal (PEPT).

The verdict of the Presidential Election Petitions Tribunal (PEPT) which would determine whether President Tinubu remains in power or not would be delivered today.

How equities reacted

The All-Share Index (ASI) traded 0.07% lower to close at 68,286.28 index points as against 68,334.68 index points recorded in the previous day’s trading session.

Likewise, the market capitalization of equities saw a loss of N27 billion to close at N37.373 trillion, 0.07% lower than the N37,400 trillion recorded in the previous trading session.

Below are the market indices for today’s trading session:

NGX ASI: 68,286.28 points

% Day Change: -0.07%

% YTD: +33.24%

Market Cap: N37.373 trillion

Volume Traded: 378.65 million

Value: N5.48 billion

Deals: 7671

Market breadth closed negative as GUINEAINS (10.00%) led gainers, VITAFOAM (-10.00%) led losers while OANDO was the most traded equity – by volume – at the end of today’s session.

GUINEAINS, BETA GLASS, and CALVERTON led the top gainer’s chart as they all gained +10.00%, +9.91%, and +9.84% respectively.

Meanwhile, VITAFOAM, VERITASKAP and LINKASSURE led the top losers’ chart as they lost –10.00%, -7.69%, and –5.56% respectively.

There was lower trading activity in terms of volume as 378.65 million units of shares were traded today compared to the 557.85 million traded from the previous day’s session.

OANDO led the chart in terms of volume as 83.53 million units were traded. UBA (35.63 million) and TRANSCORP (26.66 million) rounded up the top 3 traded stocks for today.

In terms of value traded, OANDO (N609.38 million) led the chart followed by UBA (N533.75 million) and ACCESS HOLDINGS (N321.08 million) to round up the top three.

Shares of stocks worth over one trillion (shoot) saw mixed results as GTCO (-1.77%) and ZENITH BANK (-0.14%) recorded negative trading sessions as DANGOTE CEMENT (0.05%) closed positive.

MTN NIGERIA, BUA CEMENT, BUA FOODS, SEPLAT ENERGY, and AIRTEL AFRICA all closed flat.

Shares of tier 1 banks saw mixed trading sessions as GTCO (-1.77%), UBA (-0.33%), ACCESS HOLDINGS (-0.29%), ZENITH BANK (-0.14%) all recorded losses while FBN HOLDINGS (0.84%) gained.