Losses persisted on the trading floor of the Nigerian Exchange on Tuesday as market capitalisation dipped by N269 billion to close at N55,554 trillion as against N55,823 trillion on Monday.
The all-share index depreciated by 0.48% to close the day at 98,228.50 points being 475.18 points lower than Monday’s 98,703.68 basis points.
The market sentiment also moved into the negative territory as trading closed with 15 gainers and 28 losers.
Top on the gainers list for the day was Presco with 10% price gain and a closing price of N291.50k and was closely followed by May & Baker Nigeria also with 10% price gain with a closing price of N6.60k and Japaul Gold and Ventures came next with 10% gain to close at N2.09k.
On the losers chart were Unity Bank with a 10% price loss with a closing price of N1.62k, then FBN Holdings came next with a 9.91% loss to close at N25.45k while Champion Breweries lost 9.78% to close at N3.32k.
United Bank for Africa recorded the highest volume of 102 million traded shares for the day followed by Access Holdings with 49.2 million shares.
In all, Tuesday’s trading saw a total of 425.6 million shares worth N8.34 billion traded in 9,620 deals.
– Lantana Nasir
