Market activities in the Nigerian Stock Exchange closed on a negative note on Tuesday as the All share Index declined by 0.41 per cent or 49.05 basis point to close at 34,600.33 as against Monday’s closing basis point of 34,649.38.
Total rose from its loss of N5.17 yesterday to lead the gainers chart in a gain of N7.07 and closed at N157.4, following this trail was CONOIL with a gain of N1.81 to close at N38.02 per share.
ETI also gained N1.06 from its previous closing balance of N21.22 to close at N22.28. While WAPCO and VITAFOAM recorded appreciable growth as they closed with a gain of N1 and 53 kobo to close at N95 and N5.85 respectively.
On the other hand, NESTLE led the losers chart with a staggering loss of N14.25 to close at N935.75.
Guinness lost N1 to close at N169, NB also lost one 1kobo more from yesterday’s gain to close at N157.
CCNN and MOBIL also lost 58 kobo and 5 kobo to close at N11 and N150 respectively.
The financial (banking) sector dominated the equity market as Tuesday’s top five traders are UBA, ACCESS, ZENITH, STERLING, and GUARANTY.
A total of 40.6 million shares worth N211.05 million were sold by UBA.
Access bank traded N29.3 million shares worth N176 million, Zenith bank also traded 18.1 million shares worth N386.6 million. Sterling and Guaranty traded 15.3 million shares worth N32.7 million and 15 million shares worth N430 million.
In all, a total of 247.4 million shares worth N4.25 billion as against Monday’s 324.5 million shares worth N6.42 billion exchanged hands on the floor of the Nigerian stock in 4,848 deals as against Mondays 4,845, which reduced market capitalization by 0.14 per cent or N16.6 million to N11.750 trillion from yesterday’s closing value of N11.767 trillion.