Market Capitalisation down by N109bn in bearish trading

The Marker Capitalization of the Nigerian Stock Exchange (NSE) on Tuesday depreciated further by N109 billion amid profit taking.

The market value lost N109 billion or 1.20 per cent to close at N8,953 trillion compared with N9,062 trillion posted on Monday.

The All-Share Index shed 315.25 points or 1.20 per cent to close at 26,034.93 as against 26,350.18 achieved in the last trading session.

Nigerian Breweries topped the laggards’ chart, shedding N3.50 to close at N109.50 per share.

It was followed by Glaxosmithkline with a loss of N1.10 to close at N30, while Flour Mills lost N1.04 to close at N19.76 per share.

ETI declined by 86 kobo to close at N16.76, while Zenith shed 30 kobo to close at N12.90 per share.

Conversely, Okomuoil recorded the highest gain to lead the gainers’ chart, gaining N3.25 to close at N36.25 per share.

Dangote Sugar followed with 28 kobo to close at N6.04, while Ikeja Hotel increased by 15 kobo to close at N3.27 per share.

Vono Products garnered 4 kobo to close at 96 kobo, while Learn Africa appreciated by 2 kobo to close at 82 kobo per share.

Access Bank was investors’ delight, accounting for 71.64 million shares worth N329.55 million traded in 179 deals.

UBA followed with a total of 38.95 million shares valued N117.73 million exchanged in 259 deals, while GT Bank sold 22.45 million shares worth N401.45 million in 275 deals.

Investors’ staked N2.612 million on 223.385 million shares in 2,776 deals.