Investors in the Nigerian equities market lost another N478 billion by the close of trading on Tuesday to continue its bearish sentiment.
This followed a dip in the share prices of stocks such as PZ, CWG, and ABC Trans, among others, on the trading floor.
The benchmark All-Share Index (ASI) decreased to 246,686.66 points from the 247,560.66 points recorded on the previous day.
After five hours of trading on the capital market, equity capitalisation dipped to N158.2 trillion from N158.6 trillion posted by the bourse on Monday.
The market breadth was negative, with 16 stocks advancing, 36 declining, and 94 remaining unchanged in 71,683 deals.
A total of 718,774,354 shares were traded, valued at N29.3 billion.
Intenegins, Trans Express and Neimeth led the gainers’ chart, with 9.86%, 7.14% and 6.80% growth in share prices, respectively, to close at N5.46, N5.10 and N11.00 per share, up from N4.97, N4.76 and N10.30 per share.
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PZ, CWG, and ABC Trans led other price decliners, with declines of 10%, 10% and 9.95% each to close at N88.20, N21.60, and N6.88 per share, down from N98.00, N24.00, and N7.64 per share, respectively.
On the volume index, Access Holding Co led trading with 84 million shares in 2,897 deals, followed by Consolidated Hallmark, which traded 34 million shares in 198 deals.
Neimeth traded 28 million shares in 316 deals.
On the value index, Zenith Bank traded stocks valued at N3.5 billion in 4,502 deals, followed by Aradel, which traded equities worth N2.5 billion in 1, 892 deals.
NGX Group traded shares valued at N2.2 billion in 1,305 deals.
Babajide Okeowo
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