The Nigerian stock market closed lower for a third consecutive session, shedding approximately N563 million as investor sentiment remained weak.
The benchmark All-Share Index (ASI) of the Nigerian Exchange Limited (NGX) declined by 0.44% on Wednesday, falling from 105,360.19 points to 104,915.13 points. Market capitalisation also dropped, slipping from N66.068 trillion to N65.789 trillion.
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The downturn was largely driven by a sell-off in MRS shares, which fell from N178 to N162—a decline of N16 or 8.99%.
Despite the losses, trading remained active, with investors exchanging over 1.3 million shares worth N12.374 billion across 12,012 deals. Sovereign Trust Insurance, Fidelity Bank, Access Holdings, Jaiz Bank, and Zenith Bank featured prominently among the most traded stocks.
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