Tuesday’s equites trading ended with a second bearish close for this week on the Nigerian Exchange Limited, NGX, attributed to profit-taking on Tier I Banking stock GUARANTY TRUST BANK which declined 1.2%.
Consequently, the NGX All Share Index ASI and the Market Capitalisation ended the day’s trading session 0.08% lower where the ASI stood at 38,256.76 basis points, 30.82 basis points down from Monday’s 38,287.58 basis points. While the Market Capitalisation dropped N16 billion from Monday’s N19,956 trillion to N19,940 trillion Naira.
The total volume of trades increased by 77.3% to 250.20 million units of shares, valued at N1.55 billion and exchanged in 3,534 deals, where market sentiment was negative as 17 stocks lost, relative to 12 gainers.
COURTEVILLE BUSINESS SOLUTIONS PLC was the most traded stock by volume at 36.85 million units, while ZENITH BANK PLC was the most traded stock by value at N649.41 million.
LASACO ASSURANCE PLC was the biggest loser by 7.1% and CHAMPION BREW. PLC was next with a 5.7% fall, on the reverse side, C & I LEASING PLC led the gainers by 9.9% and ROYAL EXCHANGE PLC followed with a 8.8% gain.
On sectoral performance, the Insurance Index fell 1.6% and Banking Index fell 0.5%, while the Consumer Goods index, Oil & Gas index, and the Industrial Goods index closed flat.
Mercy Chukwudiebere
