May 13, (THEWILL) — The Nigerian equities market closed largely flat on Wednesday as marginal gains in selected stocks offset losses across other counters, leaving key market indicators with minimal movement.
At the close of trading, the market capitalisation inched up slightly from ₦161.774 trillion at the opening to ₦161.839 trillion, reflecting a modest gain of ₦65 billion. Similarly, the All-Share Index (ASI) moved marginally from 252,411.67 points to 252,508.19 points, indicating a subdued but positive session.
Market breadth closed mixed as 38 equities recorded gains while 30 stocks declined, pointing to cautious investor sentiment amid selective bargain hunting.
Top Gainers
DAARCOMM gained 10.00 percent, (rising from ₦1.70 to ₦1.87).
FIDSON appreciated by 10.00 percent, (moving from ₦103.00 to ₦113.30).
LIVESTOCK advanced by 10.00 percent, (from ₦9.50 to ₦10.45).
CWG rose by 10.00 percent, (climbing from ₦21.00 to ₦23.10).
Berger Paints Nigeria increased by 9.97 percent, (from ₦127.40 to ₦140.10).
Top Decliners
NCR fell by 10.00 percent, (dropping from ₦199.00 to ₦179.10).
ZICHIS shed 9.99 percent, (easing from ₦40.35 to ₦36.32).
FIRSTHOLDCO declined by 9.87 percent, (from ₦79.00 to ₦71.20).
NEIMETH lost 9.66 percent, (moving from ₦11.90 to ₦10.75).
ETERNA dropped 9.59 percent, (from ₦36.50 to ₦33.00).
Meanwhile, several blue-chip and large-cap equities closed unchanged during the session, including Dangote Cement, Lafarge Africa, Custodian Investment, Julius Berger Nigeria, Guinness Nigeria, and BUA Foods, amongst others.
Overall, the session reflected a low-volatility trading day, with market direction shaped by selective profit-taking and mild accumulation in mid-cap stocks.
Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
