The Nigerian stock market recorded 0.03 per cent decline on Tuesday, indicating N19 billion loss for investors.
Selloffs in Aradel Holdings, Global Breweries, Sterling Nigeria, UPDC, among other declined equities propelled the market’s damaging efficiency.
Accordingly, the market, capitalisation which opened at N59.245 trillion, lost N19 billion to shut at N59.226 trillion.
In an analogous trend, the All-Portion Index fell by 0.03 per cent or 31.3 functions, settling at 97,702.56 when put next to 97,733.86 recorded on Monday.
Consequently, the twelve months-To-Date (YTD) return reduced to 30.66 per cent.
Nonetheless, the market breadth closed sure with 29 gainers and 23 losers.
Beta Glass, Golden Guinea Breweries, led the gainers’ chart by 10 per cent each and each to shut at N53.90 and 37k per share respectively.
Lafarge Wapco adopted by 9.95 per cent to shut at N4.07, Honeywell Flour evolved by 9.89 per cent to shut at N4.89, whereas Sunu Assurances won 9.88 per cent to shut at N4.67 per share.
Conversely, Sovereign Believe Insurance led the losers’ chart by 10 per cent to shut at 72k, JohnHolt trailed by 9.98 per cent to shut at N8.03 per share.
Ellah Lakes shed 9.92 per cent to shut at N3.18, Thomas Wyatt reduced by 9.42 per cent to shut at N1.73, whereas Aradel went down by 8.72 per cent to shut at N471.90 per share.
Diagnosis of the market activities confirmed trade turnover settled better relative to the outdated session, with the cost of transactions advancing by 169.58 per cent.
A entire of 1.16 billion shares valued at N27.36 billion had been exchanged in 9,403 deals, when put next with 451.17 million shares valued at N10.15 billion traded in 9,329 deals posted previously.
FBN Holdings led the exercise chart in volume and cost with 779.62 million shares worth N18.77 billion.
