Bearish sentiments persisted on the stock market on Tuesday, making investors incurred a loss of N1.1 trillion.
Selloffs in MTN Nigeria, Zenith Financial institution, Guaranty Belief Conserving Company Plc (GTCO), Dangote Sugar and United Capital, among others declined equities additional drove the market to a negative terrain.
Namely, the market capitalisation of listed equities, which opened at N64.252 trillion, shed N1.1 trillion or 1.66 per cent, to shut at N63.188 trillion.
The All-Fragment Index also declined by 1.66 per cent or 1,745.2 facets, to shut at 103,622.09, against 105,367.25 recorded on Monday.
Accordingly, the 300 and sixty five days-To-Date (YTD) closed at 0.68 per cent.
Market breadth closed negative with 41 losers and 23 gainers.
Honeywell Flour led the losers’ desk by N1.06 to shut at N9.54, Julius Berger adopted by N15.50 to shut at N139.80 per share.
Dangote Cement Plc misplaced N47.80 to shut at N431, Sovereign Belief Insurance and Role Assurance shed 12k every to shut at N1.12 and N1.17 per share, respectively.
On utterly different hand, Northern Nigeria Flour Mills led the gainers desk by N4.10 to shut at N45.10, Livestock Feeds adopted by 55k to shut at N6.10.
X-Academy added 29k to shut at N3.22, UPL rose by 43k to shut at N4.81 and Neimeth World Pharmaceutical increased by 28k to shut at N3.15 per share.
Alternatively, analysis of the market actions confirmed swap turnover settled increased, relative to the old session, with the stamp of transactions up by 55.38 per cent.
A entire of 503.31 million shares valued at N12.63 billion were exchanged in 12,900 offers, when in contrast with 505.8 million shares valued at N8.13 billion were traded in 14,255 offers posted within the old session.
Meanwhile, GTCO emerged as the most actively traded stock in quantity and stamp, with 54.4 million shares price N3.2 billion.
