By Dipo Olowookere
The All-Share Index (ASI) of the Nigerian Stock Exchange (NSE) reduced to 26,660.44 points on Tuesday from 26,695.18 points from Monday after a reduction of 34.74 points during the session.
This was mainly influenced by the selloffs witnessed in industrial goods sector, which contributed to the N16 billion decline in the market capitalisation, which settled at N12.868 trillion against N12.884 trillion printed on Monday.
Dangote Cement led the losers’ chart after a decline of N2 to finish at N140 per unit, while NASCON lost 75 kobo to settle at N13.25 per share. International Breweries depreciated by 60 kobo to close at N9.50 per share, UPDC Reit went down by 40 kobo to end at N4.05 per unit, while Lafarge Africa fell by 30 kobo to close at N13.90 per unit.
On the gainers’ chart, Presco topped with a price appreciation of N4 to close at N47.50 per share, while Guinness Nigeria followed with a gain of N3.20 to end at N35.60 per unit.
In addition, UBA appreciated by 20 kobo to finish at N7.20 per share, Access Bank rose by 20 kobo to settle at N10 per share, while United Capital improved by 10 kobo to end at N2.30 per share.
Despite the negative performance of the market yesterday, the volume of equities exchange by investors increased by 94.64 percent to 331.9 million from 170.5 million, while the value moved up by 133.14 percent to N4.8 billion from N2.1 billion.
Access Bank closed as the day’s most active stock by volume, transacting 106.9 million units worth N1.1 billion, while GTBank traded 50.1 million shares valued at N1.5 billion.
Zenith Bank exchanged 46.6 million equities for N873.6 million, Transcorp sold 24.1 million shares valued at N23.5 million, while FCMB traded 20.6 million stocks for N37.6 million.
