The nation’s equity market on Tuesday sustained a negative trajectory, declining by N279 billion.
Market capitalisation of listed equities depreciated by 0.50 per cent to N55.295 trillion from N55.574 trillion it closed on Monday.
The NGX All Share Index also dropped by 490.93 basis points to 97390.01 points from 97880.94 points reported the previous day.
A review of the transactions during the day showed that Mecure led gainers’ table with 9.98 per cent to close at N9.37 per share, Neimeth international Pharmaceutical followed with 9.90 per cent to close at N2.11 per unit, Champion Breweries added 9.75 per cent to close at N3.04 per share, UPL gained 9.63 per cent to close at N2.39 per unit, RTBriscoa added 9.35 per cent to close at N1.52 per share.
On the contrary, Oando Plc topped losers’ chart, dropping by 9.97 per cent to close at N40.20 per unit, Livestock Feeds trailed with a loss of 8.10 per cent to close at N2.27 per unit, Cornerstone Insurance fell by 7.66 per cent to close at N2.17 per share, Linkage Assurance dipped by 7.61 per cent to close at N0.85 per unit, Sovereign Trust Insurance down by 7.41 per cent to close at N0.50 per unit.
Volume of trading activities increased by 104.975 million, representing 21.24 per cent as investors traded 599.246 million shares valued at N13.916 billion in 11237 deals against 494.271 million shares costing N11.770 billion exchanged hands the previous day in 10645 deals.
Trading for the day further showed that GTCO led market activities with 71.997 million shares valued at N3.278 billion, Japaul Gold followed with account of 69.620 million shares worth N156.880 million, AccessCorp traded 66.305 million shares valued at N1.126 billion, Veritas Kapital sold a total of 60.848 million shares worth N78.210 million while Oando Plc traded 41.082 million shares cost N1.808 billion.
