Bearish sentiments continued on the inventory market on Tuesday, making traders incurred a lack of N1.1 trillion.
Selloffs in MTN Nigeria, Zenith Bank, Guaranty Belief Conserving Company Plc (GTCO), Dangote Sugar and United Capital, amongst others declined equities extra drove the market to a negative terrain.
Namely, the market capitalisation of listed equities, which opened at N64.252 trillion, shed N1.1 trillion or 1.66 per cent, to shut at N63.188 trillion.
The All-Fragment Index also declined by 1.66 per cent or 1,745.2 components, to shut at 103,622.09, against 105,367.25 recorded on Monday.
Accordingly, the twelve months-To-Date (YTD) closed at 0.68 per cent.
Market breadth closed negative with 41 losers and 23 gainers.
Honeywell Flour led the losers’ table by N1.06 to shut at N9.54, Julius Berger adopted by N15.50 to shut at N139.80 per part.
Dangote Cement Plc misplaced N47.80 to shut at N431, Sovereign Belief Insurance and Prestige Assurance shed 12k every to shut at N1.12 and N1.17 per part, respectively.
On the substitute hand, Northern Nigeria Flour Mills led the gainers table by N4.10 to shut at N45.10, Cattle Feeds adopted by 55k to shut at N6.10.
X-Academy added 29k to shut at N3.22, UPL rose by 43k to shut at N4.81 and Neimeth Global Pharmaceutical elevated by 28k to shut at N3.15 per part.
Nonetheless, diagnosis of the market activities showed replace turnover settled elevated, relative to the old session, with the worth of transactions up by 55.38 per cent.
A total of 503.31 million shares valued at N12.63 billion were exchanged in 12,900 deals, in comparison with 505.8 million shares valued at N8.13 billion were traded in 14,255 deals posted in the old session.
Meanwhile, GTCO emerged because the most actively traded inventory in quantity and worth, with 54.4 million shares worth N3.2 billion.
