Nigerian Equities Market extend negative stance three consecutive days as All Share Index shed 1.06 per cent to settle at 23,695.90 basis points at the close of trading on Tuesday, leaving the year to date return at -11.72 per cent.
Similarly, the Market capitalisation of equities on the Nigerian Stock Exchange (NSE) dipped to N12.48 trillion, having shed N133 billion.
Market breadth was unimpressive as the bull struggled to stay afloat with 14 counters, while the bear led with 15 counters on the decliners chart.
Caverton and Arbico were the top losers of the day, having shed ten per cent and 9.7 per cent respectively; while Neimeth Pharmaceuticals and NPF Microfinance Bank were the top gainers of the day.
The sectoral performance was negative, following losses in the Industrial Goods (-1.8%), Insurance (-0.6%), Banking (-0.3%) and Consumer Goods (-0.02%) indices, while the Oil and Gas index was flat.
Market Activity dwindled further as the volume of trades recorded a total of 156 million shares, a 24.85 per cent drop from 207 million shares traded in the previous session. Value followed suit to close downbeat by 5.66 per cent from the previous session of N1.775 billion to N1.675 billion on Tuesday.
In order of appearance, FBN Holdings, UACN, Guaranty Trust Bank, Zenith Bank and MBenefit ended the trading day as top performers in terms of volume while Dangote Cement, Guaranty Trust Bank, MTN Nigeria, Zenith Bank and FBN Holding made up the top five performers in terms of the value of units traded.
YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE
Buy and read digital replicas of your TRIBUNE titles by subscribing through E-VENDING
COVID-19: Afe Babalola Offers 15-Point Prescriptions For Resumption Of Schools
The Founder and Chancellor of the flourishing Afe Babalola University, Ado-Ekiti (ABUAD), Aare Afe Babalola (SAN), has offered prescriptions on how the Federal Government can reopen schools and universities … Read full story
60-Year-Old Nigerian Woman Who Was A Nurse For 40 Years Dies Of Coronavirus In UK
An ‘exceptional’ mother-of-four nurse who devoted her life to terminally-ill children has become the latest healthcare worker to be killed by coronavirus in Britain, the Daily Mail of UK reported. Eyitolami Olaolorun had been a nurse for 40 years, most recently working at Wellington Hospital, a private centre in St John’s Wood… Read full story
The outgoing State Director, National Orientation Agency, (NOA) Dr Olukemi Afolayan has commended Governor Seyi…
Dr. Badamasi Lawal, National Coordinator/CEO of the National Social Investment Programme Agency (NSIPA), revealed plans…
In Nigeria markets, especially in popular markets like Balogun Market in Lagos, Wuse Market in…
A Nigerian popularly known as The Celebrity Mama of Los Angeles and Queen of Gele,…
Niger State House of Assembly has called on the executive arm of government to provide…
Living in Lagos is an adventure in itself. That’s why they say Lagos is not…
This website uses cookies.