The Nigeria equities market declined further on Tuesday due to huge loss in Banking Sector and other heavyweight stocks as the All Share Index dipped by 1.08% to close at 27,352.24 points from the previous close of 27,650.24 points on Monday.
Market capitalisation dropped by 1.10% to close at N13.315 trillion against the previous close of N13.463 trillion, shedding N148 billion.
Volume and value of traded stocks grew by 40.59% and 218.09%, to stand at 154 million units and N2.8 billion in 2,922 deals respectively.
Market Breadth
The market breadth closed negative as 6 stocks gained, while 28 stocks declined in price.
Percentage Gainers
ABC Transport led the few price gainers for the day with 9.68% growth to close at N0.34 from the previous close of N0.31
NPF Micro-finance Bank, UACN, COURTVILLE, Jaiz Bank and NESTLE are other 5 stocks that made it to the gainers chart at the end of the day’s trading session.
Percentage Losers
CADBURY, Sterling Bank and Stanbic led the long bank dominated losers’ table, after shedding 9.91%, 8.64% and 8.28% of their share prices to close at N10.45, N2.01 and N39.30 below their previous close.
Volume Drivers
Nigerian Breweries traded about 37 million units of its shares in 87 deals, valued at about N1.9 billion