THE Nigerian Equities market closed in the red zone with a loss of 78 basis points as the All Share Index of the Nigerian Stock Exchange (NSE) dropped from 36971.27bps recorded on Monday to 36683.58bps on Tuesday.
Market capitalisation also closed lower at N12.622 trillion, having shed N104 billion to moderate the Year-To-Date returns to 36.50 per cent.
However, market breadth closed marginally positive with 22 gainers against 21 losers, as International Breweries led the gainers chart, while Nestlé Nigeria topped the decliners table.
Volume of trades both dipped by 2.77 per cent while value of trades appreciated by 72.42 per cent from their previous trading levels.
Transactions in the shares of Fidelity Bank, Zenith Bank, Guaranty Trust Bank, Access Bank and United Bank for Africa topped the chart as most traded equities as measured by volume.
All sector indices closed in the red zone with NSELOTUSISLM recording the greatest loss, while NSEASEM remained unchanged from the previous trading session.
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