Emmanuel Aku
This article summarizes the key points from the post NGX losses N27billion as investors await judgement of Presidential Election Petitions Tribunal.
The Spotlights
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).
Nairametrics reported that the verdict of the Presidential Election Petitions Tribunal (PEPT) which would determine whether President Tinubu remains in power or not would be delivered today.
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.
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.
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.
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