By Modupe Gbadeyanka
Activities at the Nigerian Stock Exchange (NSE) closed on a negative note on Tuesday with the all-share index dropping by 37.66 points or 15 percent, same as Monday, to close at 25,461.34 points.
Likewise, the market capitalisation depreciated by N13b to finish at N8.76 trillion.
Throughout last week, the market closed in the downward trend and investors are wondering when the capital market will bounce back.
Today’s decline, analysts say, was due to fall in the value of equities of Total and Forte Oil, which both shed N21.50k.
At the stock market today, investors exchanged 121 million shares in 2,397 deals valued at N1.19 trillion.
Also, Diamond Bank and Access Bank emerged the most traded equities at the NSE on Tuesday.
While Diamond Bank sold 18.3 million shares at N16.6 million, Access Bank traded 14.6 million units worth N80.8 million.
Mobil, which topped the losers’ chart yesterday at the stock market, rose by N5 today to lead the gainers table, closing at N195.1k per share. It was closely trailed by Flour Mill, which appreciated by 85k to finish at N17.85k per share.
Champion Breweries Plc gained 19k to end at N2.45k per share, Africa Prudential Registrars Plc improved by 13k to close at N2.78k per share, while GTBank jumped by 6k to finish N21.6k per share.
Conversely, Total lost N13.45k to close at N255.58k per share, Forte Oil slumped by N8.5k to finish at N74.62k per share, PZ went down by 50k to end at N14.49k per share, NASCON depreciated by 36k to finish at N7.19k per share and UAC-Property declined by 13k to close at N2.67k per share.
