NGX: Bearish sentiment persists. as investors lose N326bn

Investors in the Nigerian equities market lost N326 billion at the close of trading on Tuesday.

This followed the dip in the share prices of stocks such as  Dangote Sugar, Wema Bank, and Secure Electronic Technology, among others, on the trading floor.

The benchmark All-Share Index (ASI) dropped to 140,929.60 points from 141,498.44 points recorded the previous day.

After five hours of trading at the capital market, the equity capitalisation crashed to N89.1 trillion from N89.5 trillion posted by the bourse on Monday.

The market breadth was negative with 16 stocks advancing, 35 stocks declining, and 96 stocks remaining unchanged in 23,657 deals.

 Thomas Wyatt Nigeria, Chellarams, and RT Briscoe led other gainers with 9.80%, 9.59% and 9.50% growth each in share prices to close at N2.80, N16.00, and N3.92 from the previous N2.55, N14.60, and N3.58 per share.

Dangote Sugar, Wema Bank, and Secure Electronic Technology led other price decliners with a 10% 8.27%, and 6.25% dip in share price to close at N54.00, N18.85, and N0.75 per share, down from the previous N60.00, N20.55, and N0.80 per share.

READ ALSO: Nigeria’s stock market recovers as investors gain N240bn

On the volume index, Consolidated Hallmark Plc led trading with 169 million shares in 138 deals, followed by Zenith Bank Plc, which traded 58 million shares in 1,380 deals.

First Bank Holding Co traded 100 million shares in 458 deals.

On the value index, Zenith Bank Plc traded stocks valued at N6.9 billion in 1, 380 deals, followed by Guaranty Trust Holding, which traded equities worth N4.1 billion in 1,557 deals.

First Bank Holding Co traded shares valued at N3.1 billion in 458 deals.

Babajide Okeowo

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