Stock investors lose N4bn as NSE records marginal decline

Equities investors on the Nigerian Stock Exchange (NSE), on Tuesday, lost four billion naira as the market extended negative stance marginally at the close of the trading session on Tuesday.

The market indicator decreased by 0.03 per cent as the All Share Index settled at 29,458.21 basis points while market capitalisation was capped at N15.172 trillion.

Market breadth also follows the bearish trend recording 15 advancers and 17 decliners by the end of the day.

However, Sectoral Indices closed positive across sectors lead by Insurance save for NSE Consumer and Goods sector leaving NSE ASEM flat.

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The volume of trades improved at the close of the trading session at approximately 315 million units; a 15.70 per cent increase from 273 million units traded in the previous session.

Value, on the other hand, recorded a 1.97 per cent decrease from N3.71 billion in the previous trading session to N3.64 billion today.

LAWUNION topped the gainers’ chart alongside AIICO Insurance, Honeywell Flour, CUTIX and ABBEYBDS.

On the other hand, Julius Berger led the losers’ chart with a 6.76 per cent decline followed by NASCON, COURTVILLE, TRANSCORP and LASACO.

AUSTINLAZ, Access Bank, Guaranty Trust Bank, Zenith Bank and United Bank for Africa ended the trading session as top performers in terms of volume, while GTBank, Access Bank, Dangote Cement, Zenith Bank and AUSTINLAZ made up the top five performers in terms of the value of units trade