THE Nigerian stock market, which kicked-off this week on a negative note has sustained the trend for the third consecutive trading day.
The market’s performance indicator; the NSE All Share Index (ASI) depreciated by 0.84 percent to close at 25,032.17 points from the preceding day’s 25,244.29 points.
The market capitalisation of equities listed on the NSE also depreciated to N8.663 trillion following a decline of N73.4 billion from N8.737 trillion recorded in previous session.
The market price movement table showed that 15 equities appreciated, while 14 others recorded decline in their equities prices.
Eterna Oil and Nigerian Breweries led the day’s declining stocks with a loss of 4.99 per cent each to close at N3.24 and N112.82 per share respectively. CAP dropped 4.91 per cent to close at N30.43, Vita foam fell 4.59 per cent to close at N2.08 and Caverton depreciated 4.26 per cent to close at 90 kobo per share.
Forte Oil led the day’s top gainers with by 5.00 per cent to close at N56.70, PZ followed with a growth of 4.92 per cent to close at N12.16 and UAC-Prop was third with 4.55 per cent to close at N2.07. Champion Breweries and FBN Holdings came fourth and fifth respectively having added 3.52 and 3.51 per cent to close at N2.35 and N3.24 per share respectively.
Dunlop emerged the most traded equity on Tuesday with an exchange of 21.2 million shares worth N10.6 million, It was trailed by Sterling Bank that sold 16.7 million shares valued at N11.7 million, while Access Bank recorded a sale of 14.4 million shares worth N96.5 million; Fidelity Bank traded 10.7 million shares worth N9.0 million and Zenith Bank moved 9.6 million worth N149.0 million.
Overall, investors traded a total of 144.9 million shares valued at N1.9 billion in 2,868 deals in comparison to a total of 141.9 million shares worth N1.4 billion in 2,604 deals.