Transactions on Nigerian equities market on Tuesday, ended in the negative territory for the second consecutive day this week.
This comes as the benchmark all share index dropped by 1.6% to close at 48,554.76 points being 789.91 points lower than Monday’s 49,344.67 points.
In the same vein, the market capitalisation shed N426 million to close at N26,188 trillion as against N26,614 trillion on Monday.
At the end of the day’s trading, a total of 205.15 million shares worth N3.18 billion were traded in 3,533 deals.
The market sentiment for the day also closed in red as trading ended with 9 gainers and 21 losers.
Top on the gainers table for the day was FTN Cocoa Processors which gained 0.03k to close at N0.33k followed by NEM Insurance Company with 0.40k gain and a closing price of N4.40k and Honeywell Flour Mill gained N0.26k to close at N2.89k.
On the other hand, BUA Foods lost N5.95k to close at N54.00k and was followed by Northern Nigeria Flour Mills with a loss of N0.85k to close at N7.75k and Seplat Petroleum Development Company lost N119.90k to close at N1,300.
Mutual Benefits Assurance recorded the highest volume of 44 million traded shares followed by Zenith Bank with 25.2 million shares.
Mercy Chukwudiebere
