Nigerian stock market on Tuesday dropped further, making it five sessions of consecutive losses on weight shedding in Dangote Cement, Seplat and other 18 stocks.
The All Share Index dropped by 1.60% to close at 48,554.76 points from the previous close of 49,344.67 points.
The Market Capitalisation declined by 1.60% to close at N26.189 trillion from the previous close of N26.615 trillion, thereby shedding N426 billion.
An aggregate of 204 million units of shares were traded in 3,533 deals, valued at N3.18 billion.
The Market Breadth closed negative as 9 equities emerged as gainers against 20 equities that declined in their share prices.
Percentage Gainers
FTN Cocoa and Nem Insurance led other gainers with 10.00% growth each to close at N0.33 and N4.40 from the previous close of N0.30 and N4.00 respectively
Honeywell Flour and University Press among other gainers also grew their share prices by 9.89% and 9.88% respectively.
Percentage Losers
BUAFOOD led other price decliners as it shed 9.92% of its share price to close at N54.28 from the previous close of N59.95.
Northern Nigerian Flourmills and Seplat among other price decliners also shed their share prices by 9.88% and 8.44% respectively.
Volume Drivers
Zenith Bank traded about 25 million units of its shares in 322 deals, valued at N554.8 million.
FBNH traded about 22 million units of its shares in 146 deals, valued at N236.9 million.
ACCESSCORP traded about 13 million units of its shares in 188 deals, valued at N107.7 million.