Stuck in the red zone, the equities market on Tuesday has reported consecutive declines with the All-Share-Index declining 1.9% to rest at 26,364.27 (26,887.54 Monday). Despite a drop in the benchmark index, the was increased activity at the market with 3,434 deals consummated, up from 2,963 on Monday. Both value and volume of shares traded increased. Value of shares on Tuesday was N1.60 billion, up from 1.57 billion. Similarly, the volume increased from 115.04 million to 189.01 million.
Still mirroring investor sentiment, the stats today showed thirteen gainers against twenty six losers. CHAMPION led the red team, posting the highest decline of 9.47% to be followed by UACN (-5.00%), FO (-5.00%), WAPCO (-4.99%) and OKOMUOIL (-4.89%).
GLAXOSMITH led the converse table with a +5.00 gain trailed by CAP (+5.00%), AIRSERVICE (+4.89%), ETERNA (+4.35%) and UNITYBNK (+3.33%). Investors’ top picks in the other hand was CHAMS with 40.10 million units traded and a closing price of N0.50. UBA (28.62 million) followed, trailed by TRANSCORP (18.05 million), GUARANTY (16.75 million) and ZENITHBANK (14.12 million).
Analyst maintain that investors’ apathy will persist this week as they lured into the fixed income space.
