Gains recorded on Monday in the Nigerian Exchange Group, NGX, (formerly known as the Nigerian Stock Exchange) were erased on Tuesday as the market closed in the red, causing the index to drop by 0.03%.
The market capitalization also depreciated by 0.03% to close at N20.57 trillion as against N20.58 trillion on Monday.
The day’s trading saw a total of 252.57 million shares worth N1.77 billion traded in 3,474 deals.
The market sentiment, however, remained positive on Tuesday despite some losses as there were 23 gainers relative to 16 losers at the close of the trading session.
Top on the gainers’ list for the day was Prestige with N0.04k gain to close at N0.46k, followed by Wema Bank with N0.05k gain to close at N0.62k then Royalex gained N0.03k to close at N0.42k.
Conversely, Chi Plc led the losers’ chart with N0.93k loss to close at N0.3k, while UPL lost N0.11k to close at N1.17k and Chams lost N0.01k to close at 0.21k.
Zenith Bank was the most traded stock of the day at 14,778,247 million shares worth N327,988 million, followed by Guaranty Trust Bank, which traded 15, 890,538 million shares worth N496,427 million.
Amaka E. Nliam
