Equities Market Relapses, Sheds N24.8bn
The equities market of the Nigerian Exchange Limited (NGX) on Tuesday relapsed, as bearish sentiment drove the domestic bourse, seeing the market capitalization decline by N24.80 billion to close at N26.61 trillion.
The Nigerian stock market, also, recorded a depreciation of 0.09 per cent in the market All-Share Index (ASI) to settle at 48,853.54 points.
At the close of yesterday’s trading activities, the sustained investor interest in BUACEMENT (+3.60%), ZENITHBANK (+2.45%) and WAPCO (+0.23%) was eroded by losses in MTNN (-3.26%) and STANBIC (-1.83%).
Consequently, the year-to-date (YTD) return fell to 14.37 per cent.
Analysis of the Tuesday market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 53.94 per cent.
A total of 162.98m units of shares valued at 3.87bn were exchanged in 3,286 deals. STERLNBANK (-1.44%) led the volume chart with 31.61m units traded, while MTNN (-3.26%) led the value chart in deals worth N2.60 billion.
Market breadth closed negative at a 1.27-to-1 ratio with declining issues outnumbering advancing ones.
CHAMS (-8.70%) topped thirteen (13) others on the laggard’s log, while CORNERST (+8.70%) led ten (10) others on the leader’s table.
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