Nigeria’s stock market recorded another session of negative close on Tuesday by 0.32 percent.

The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities market capitalisation decreased from preceding trading day’s highs of 108,126.97 points and N67.383trillion respectively to 107,781.79 points and N67.168 trillion.

The market’s closed in the red zone as investors sold stocks like Oando, Honeywell Flour Mills, University Press, Morison and International Energy.

Read also: NGX-ASI up by 0.13% as Presco, Okomu, others rally

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Oando decreased the most, after day-open high of N57.60 to N52, losing N5.60 or 9.72 percent. Honeywell Flour Mills also decreased from N12.50 to N11.25, down by N1.25 or 10 percent.

Also, University Press share price dropped from N5.05 to N4.55, losing 50 kobo or 9.90 percent. Morison decreased from N3.61 to N3.25, losing 36 kobo or 9.97 percent.

In 13,753 deals, investors exchanged 363,013,197 shares worth N10.118 billion.
Stocks like Access Holdings, Jaiz Bank, Zenith Bank, AXA Mansard and Guinness Nigeria were actively traded stocks on Tuesday.

Iheanyi Nwachukwu, is a creative content writer with over 18 years journalism experience writing on banking, finance and capital markets. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).

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