Losses in 17 stocks further dragged down the key indices at the Nigeria Exchange Group Limited, NGX to close transactions bearish on Tuesday.
The second trading day of the week saw the All-Share Index of listed equities decline by 781.86 basis points representing a 1.45 percent decrease to close at 52,990.28 lower than Monday’s 53,771.14.
Consequently, investors witnessed a loss of N421.5 billion amid profit-taking and bargain hunting to close the session at N28.567 trillion compared to the N28.989 trillion of the previous day.
The day’s transactions recorded a total turnover of 318.27 million units of share which exchanged hands in 5,190 deals.
The market sentiment when measured by market breadth was however positive with 20 gainers’ and 17 losers’.
TRANSCOHOT led the gainers chart with 6.84 percent gain on its share price to close at N6.25k. Champion Breweries Plc and CWG followed with a 5.05 percent to close at N3.95k and N1.04 respectively.
On the other hand, Nigeria Breweries Plc led the losers chart with a 9.96 percent loss on its share price to close at N62.40k. NNFM followed with a 9.83 percent loss to close at N10.55k then; JAPAUL GOLD lost 9.09 percent to close at N0.30k.
Mercy Chukwudiebere
