The Nigerian equities market continued bearish on Tuesday, following a 0.45 per cent decline of lead market indicators, thus expanding the year to date losses by 4.78 per cent.
Specifically The NSE All-Share Index dipped 122.84 points or 0.45 percent to close at 27,272.14 basis points compared to 30.88 points dropped in previous session to close at 27,394.98 basis points.
The market capitalisation also lost 0.45 per cent or N42.2 billion to close at N9.366 trillion compared to a loss of N10.6 billion to close at N9.408 trillion on Monday.
Sterling Bank Plc led the day’s 31 declining stocks with a loss of 9.38 percent or 12 kobo to close at N1.16 per share. International Breweries Plc followed with a decrease of 5.0 percent or 95 kobo to close at N18.05 per share, MOBIL and MRS Oil Plc also dipped 5.0 percent each or N8.93 and N2.03 to close at N169.67 and N38.57 per share respectively.