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Tuesday’s trading on the Nigerian equities market continued on the bearish path of Monday as the benchmark indices declined by 0.8%.
The all-share index depreciated by 0.8% to close at 66,760.20 from 67, 296.18 on Monday while the market capitalisation shed N293 billion to close at N36,538 trillion as against N36,831 trillion on the first trading day of the week.
The market sentiment also closed negative with 16 gainers relative to 45 losers.
Top on the gainers’ list for the day was Computer Warehouse Group which gained 10% to close at N6.93k, followed by Chellarams also with 10% price gain and a closing price of N3.19k and Vitafoam Nigeria gained 9.78% to close at N24.70k.
Conversely, Academy Press declined by 13.04% to close at N1.80k. It was followed by E-Tranzact International with 1% loss and a closing price of N8.10k while Regency Alliance Insurance lost 10% to close at 36k.
Trancorp Nigeria recorded the highest volume of 87.8 million shares, followed by United Bank for Africa with 75.8 million shares.
At the end of the day’s trading session, a total of 645.5 million shares with market value of N11.01 billion was traded in 10,554 deals on Tuesday