The Nigerian stock market closed on a bearish existing on Tuesday, with a loss of N69 billion, due to the promote-offs in substantial and medium capitalised shares.
The Nigerian Alternate Ltd. (NGX) market capitalisation, which opened at N59.004 trillion, dropped by N69 billion or 0.12 per cent, closing at N58.935 trillion.
Equally, the All-Half Index (ASI) fell by 114 capabilities, or 0.12 per cent, closing at 97,260.75 capabilities from 97,374.25 recorded on Monday.
The downturn became pushed by promote-offs in shares much like Oando, Dangote Sugar, and Nestle Nigeria, amongst others.
This decline reduced the twelve months-To-Date (YTD) return to 30.07 per cent.
Market breadth became detrimental, with 29 losers and 20 gainers.
On the losers’ chart, VFD Community led by 10 per cent to shut at N40.50, Royal Alternate trailed by 9.68 per cent to shut at 56k per portion.
Oando declined by 9.42 per cent to shut at N62.05, Thomas Wyatt Nigeria shed 8.85 per cent to shut at N1.75, while Dangote Sugar dropped 4.83 per cent to shut at N28.55 per portion.
Conversely, Eunisell led the gainers’ chart by 9.98 per cent to shut at N9.92, JohnHolt followed by 9.83 per cent to shut at N5.81 per portion.
Sunu Assurances won 9.71 per cent to shut at N2.26, Universal Insurance appreciated by 6.25 per cent to shut at 34k, Regency Alliance Insurance also added 4.17 per cent to shut at 50k per portion.
Diagnosis of the market actions showed commerce turnover settled elevated relative to the outdated session, with the worth of transactions up by 23.21 per cent.
A complete of 350.38 million shares valued at N9.26 billion had been exchanged in 10,224 deals, in contrast with 297.83 million shares valued at N7.52 billion traded in 9,902 deals posted in outdated session.
Within the meantime, United Capital led the process chart in volume with 76.76 million shares, while Aradel Holdings led the chart in cost with deals worth N1.55 billion.
