The Nigerian inventory market recorded 0.03 per cent decline on Tuesday, indicating N19 billion loss for traders.
Selloffs in Aradel Holdings, World Breweries, Sterling Nigeria, UPDC, amongst diversified declined equities propelled the market’s unfavorable efficiency.
Accordingly, the market, capitalisation which opened at N59.245 trillion, misplaced N19 billion to shut at N59.226 trillion.
Equally, the All-Part Index fell by 0.03 per cent or 31.3 aspects, settling at 97,702.56 when put next to 97,733.86 recorded on Monday.
Consequently, the Year-To-Date (YTD) return lowered to 30.66 per cent.
Nonetheless, the market breadth closed definite with 29 gainers and 23 losers.
Beta Glass, Golden Guinea Breweries, led the gainers’ chart by 10 per cent every to shut at N53.90 and 37k per piece respectively.
Lafarge Wapco followed 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 received 9.88 per cent to shut at N4.67 per piece.
Conversely, Sovereign Belief 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 piece.
Ellah Lakes shed 9.92 per cent to shut at N3.18, Thomas Wyatt lowered 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 piece.
Diagnosis of the market activities showed substitute turnover settled higher relative to the earlier session, with the price of transactions advancing by 169.58 per cent.
A total of 1.16 billion shares valued at N27.36 billion had been exchanged in 9,403 provides, when put next with 451.17 million shares valued at N10.15 billion traded in 9,329 provides posted beforehand.
FBN Holdings led the voice chart in volume and price with 779.62 million shares price N18.77 billion.
