Trading activities in the equities market ended on Tuesday with the All-share index settling at 102,108.05 basis points, 1.50% or 1,551.76 basis points lower than Monday’s 103,659.81 basis points.
The market capitalisation also declined by 1.50% or ₦849.10bn to close at ₦55.872trn from Monday’s ₦56,721trn.
This decline is being attributed to investors’ selloff of BUA CEMENT PLC (-10.00%), ZENITH BANK PLC (-3.10%), and GUARANTY TRUST HOLDING COMPANY PLC (-1.48%) which overturned the gains in MTN NIGERIA COMMUNICATIONS PLC (+0.36%), NIGERIAN BREW. PLC. (+2.50%) and FIDELITY BANK PLC (+3.45%).
Consequently, the Month-to-Date and Year-to-Date returns declined to +0.9% and +36.6%, respectively.
Analysis of tuesday’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 60.70% and the total volume traded declined by 44.0%.
Thus, a total of 494.19bm shares valued at ₦7.60bn were exchanged in 11,761 deals.
JAIZ BANK PLC was the most traded stock by volume at 90.78 million units, while GUARANTY TRUST HOLDING COMPANY PLC was the most traded stock by value at ₦1.32 billion.
As measured by market breadth, market sentiment was negative with 46 declining issues outnumbering the 14 advancing ones.
CONSOLIDATED HALLMARK HOLDINGS PLC (-10.00%) and BUA CEMENT PLC (-10.0%) topped the losers’ list, while CADBURY NIGERIA PLC. (+10.00%) and JULI PLC (+10.00%) recorded the highest gains of the day.
Analysing by sectors, the Industrial Goods (-3.8%), Banking (-2.3%), Insurance (-1.0%), and Consumer Goods (-0.2%) indices declined, while the Oil & Gas index closed flat.
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