Summary Of Wednesday's Trading Session On The Nigerian Exchange Group

At the end of Wednesday's trading session on the Nigerian Exchange (NGE), a total of 156.91 billion shares were transacted in 3,273 deals, which corresponds to a market value of N1.37 billion. When compared to the previous day's trading session on the bourse, (Wednesday, June 1), Wednesday's data shows a 43% decline in transaction volume, 50% decline in transaction turnover, and 21% decline in transaction deals. This puts the current market capitalization of the Nigerian Exchange at N20.06 trillion.


In the aggregate, 102 listed equities took part in Wednesday's trading, which resulted in 15 gainers and 20 losers. 

For the gainers', University Press topped the list with an increase of 9.37% in share price, to close at N1.40 per share. It was followed by Regency Alliance Insurance Co. whose share price went up by 8.16%, and Veritas Kapital Assurance whose share price went up by 5%. Consolidated Hallmark Insurance was fourth on the gainers' list with its share price going up 4.17%. 


On the side of losers, Computer Warehouse Group came out last with an end-of-day price depreciation of 9.66% to end the day at N1.87 per share. It was followed by Ikeja Hotel which saw 9.09% of its share price melt. National Salt Company and John Holt featured on the list as well as their share prices lost 8.78% and 8.62% respectfully. 


Japaul Gold and Ventures recorded the highest volume of traded shares at 19.9 million, followed by FBN Holdings which saw 12.22 million shares traded. Transnational Corporation of Nigeria saw 11.84 million shares while UAC of Nigeria (UACN) followed with 10.81 million.



On the performance of market indices, the All-Share Index bumped up 68.15 points to close at 38,482.52. This represents a 0.18% increase from Tuesday, as well as a 0.65% increase from the previous week. It is, however, a 3.39% loss compared to the previous month.

Other notable indices that performed were the NSE Premium Index, which went up by 0.49%; NSE Insurance Index, which went up by 0.76%; NSE Top 50 Index, which went up 0.27%; and the NSE Top 30 Index, which went up 0.15%.

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