Equities investors lose N13bn on Tuesday as bears persist

The equities market of the Nigerian Stock Exchange (NSE) maintained a negative stance on Tuesday as losses dipped further into the trading week.

With a loss of 0.08 per cent by All-Share Index, Market Capitalisation was settled at N14.347 trillion, having lost N13 billion.

Similarly, Market breadth closed marginally in favour of bear recording 12 advancers against 13 decliners.
UAC Properties topped the gainers’ chart having advanced by ten per cent to close at 99 kobo per share.

Also, Wapic gained ten per cent to its share value to close at 33 kobo per unit; C&I Leasing gained 40 kobo to close at N5.8 kobo per share, Neimeth closed at 48 kobo per share after gaining 6.67 per cent, while and Jaiz Bank’s shares advanced by 4.41 per cent at a closing price of 71 kobo per share.

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On the other hand, Law Union led the losers’ chart trailed by Japaul Oil, Coutville, Linkage Assurance, and Vitafoam as their share value depreciated by 4.81, 4.76, 4.55, 4.35 and 3.19 percentile respectively.

Sectoral Indices likewise closed southward across sectors save for NSE Insurance leaving NSE ASEM flat.

The volume of trades recorded approximately 168 million units, 24.86 per cent increase from 134 million units traded on Monday. Value also followed suit to record 36.18 per cent increase from N1.58 billion in previous trading session to N2.15 billion on Tuesday.

Zenith Bank, Guaranty Trust Bank United Capital, Access Bank and First Bank of Nigeria Holdings ended the trading session as top performers in terms of volume, while Zenith Bank, Guaranty Trust Bank, Access Bank, Dangote Cement, and Stanbic Holdings ended as top performers in terms of value traded