Investors in equities in the Nigerian capital market lost N367 billion in single trading on Wednesday.
Nigerian Exchange Limited ended trading in reds for the third time this week.
This is the case, as market capitalisation dipped further by 0.42 per cent to N87.416 trillion on Wednesday, having opened at N87.783 trillion.
Also, the All-Share Index declined by 580.48 points to close at 138,157.16 on Wednesday, against 138,737.64 reported on Tuesday.
Wednesday’s downtrend was led by DAAR Communications, Learn Africa, Legend Internet, Mansard Insurance, and Universal Insurance.
On the gainers’ side, Secure Electronic Technology, Consolidated Hallmark Holdings, Cadbury and Wema Bank stocks recorded rises, respectively.
Further analysis of the market activity showed that there was an increase in volume, as 482.8 million shares worth 19.7 billion were traded across 28,193 transactions on Wednesday compared to 407.6 million shares worth N39.9 billion that were exchanged across 31,406 transactions on Tuesday.
Accordingly, Access Corporation led the market chart in volume with 43.03 million shares valued at N1.1 billion.
The development comes as Nigeria’s security and exchange commission approved a two-day settlement circle expected to begin on November 28th, 2025, according to the Central Securities Clearing System (CSCS).
