Bearish trend persists on Nigeria’s equities market

Toyin Ajadi

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Tuesday’s trading on the Nigerian equities market ended in negative territory making it the second day of loss this week.

The benchmark all share index shed 1.86% to close at 59,442.37 points while the market capitalisation dropped N517 billion to close at N27,201 trillion.

At the end of the day’s trading, a total of 156,16 million shares worth N2.94 billion were traded in 4,618 deals.

The market sentiment also closed in red as trading ended with just three gainers relative to 37 losers.

Livestock Feeds led the gainers with 1.63% share price appreciation closing at NGN 1.25 per share and was followed by FBN Holdings with 1.36% and a closing price of N11.15k and Sterling Bank which rose by 1.32% to close at N1.53k.

On the other hand, Trans-Nationwide Express lost 10% to close at NGN 0.63k. It was followed by International Breweries which lost 9.91% to close at N5.00 then MTN Nigeria declined by 9.62% to close at N192.50k.

Flour Mills Nigeria recorded the highest volume of 19.3 million traded shares and was followed by Transcorp Nigeria with 15.4 million shares.

 

 

 

 

 

Hauwa Abu

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