The second trading session for the week ended bearish with the benchmark index declining 0.40%.
Specifically, the All-Share Index fell from 105,799.17 basis points to close at 105,375.69 basis points, losing 423.48 basis points or 0.40% percent.
Likewise, the market capitalization declined by 0.40 percent or 266 billion Naira to 66,078 trillion Naira from 66,344 trillion Naira.
Tuesday’s bearish sentiment was primarily driven by losses in BUA CEMENT PLC (-10.0%).
Consequently, the month-to-date and year-to-date returns settled at -2.3% and +2.4%, respectively.
The total trading volume decreased by 28.0% to 343.75 million units, valued at N7.99 billion, and exchanged in 11,022 deals.
ACCESS HOLDINGS PLC was the most traded stock by volume at 36.76 million units, while ZENITH BANK PLC was the most traded stock by value at N929.98 million.
As measured by market breadth, market sentiment was positive (1.2x), as 27 tickers gained relative to 22 losers. NEIMETH INTERNATIONAL PHARMACEUTICALS PLC (+10.00%) and NIG. FLOUR MILLS PLC (+9.99%) led the gainers, while BUA CEMENT PLC (-10.00%) and ELLAH LAKES PLC (-4.82%) recorded the highest losses of the day.
Analysing by sectors, the Industrial Goods (-3.4%), Banking (-0.7%), and Oil & Gas (-0.1%) indices declined, while the Insurance (+1.1%) and Consumer Goods (+0.2%) indices advanced.
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