Investors in the Nigerian equities market recorded a loss of N367 billion in Wednesday’s trading session, as the Nigerian Exchange Limited closed in negative territory for the third time this week.

Market capitalisation slipped by 0.42 per cent, dropping from N87.783 trillion at the opening of trade to N87.416 trillion at the close. Similarly, the All-Share Index fell by 580.48 points to end the day at 138,157.16, compared to Tuesday’s 138,737.64.

The decline was driven largely by losses in DAAR Communications, Learn Africa, Legend Internet, Mansard Insurance, and Universal Insurance. On the positive side, Secure Electronic Technology, Consolidated Hallmark Holdings, Cadbury, and Wema Bank posted gains.

Trading activity showed an uptick in volume, with 482.8 million shares valued at N19.7 billion exchanged in 28,193 deals, compared to 407.6 million shares worth N39.9 billion traded across 31,406 deals on Tuesday. Access Corporation topped the activity chart, with 43.03 million shares worth N1.1 billion traded.

This market downturn coincided with news that the Securities and Exchange Commission has approved a shortened two-day settlement cycle, set to take effect on November 28, 2025, according to the Central Securities Clearing System (CSCS).