Transactions in the Nigerian equities market sustained bearish sentiment for the second trading session this week as market capitalisation depreciated by N5 billion.
This is a result of a sell-off in MTN Nigeria and 12 stocks which dragged down the market performance the previous day.
Similarly, the All-Share Index of listed equities trading on the floor of the Nigerian Exchange Group Limited, NGX declined further by 0.02 percent, representing a 9.87 basis point to close at 43,808.25 lower than Monday’s 43,818.12.
Investors lost an additional N5billion on market capitalisation to close at N23.861 trillion compared to N23.866 trillion of the previous day.
The trading session closed with a total volume of 103.465 million units of shares that exchanged hands in 3,045 deals.
The market sentiment when measured by market breath ended with 15 gainers and 13 losers.
LEARNAFRCA and CWG on price gain, led the gainer’s table with a 10 percent gain on their share prices to close at N1.65k and N0.08k respectively. Then CAVERTON had an 8.75 percent price gain to close at N0.87k.
WAPCO on the other hand, led the losers table with a 9.66 percent loss on its share price to close at N20.10k followed by Royal Exchange Insurance Plc which had a 9.41 percent to close at N0.77k and CORNERST lost 9.09 percent to close at N0.40k.
Olusola Akintonde
