Nigeria’s equities market closed further in the red zone on Tuesday as investors continued to take profit after previous week’s rally.
No thanks to Flour Mills which led the league of laggards after its share price dropped from a high of N40.75 to N37, losing N3.75 or 9.20percent; and GSK which also dropped from a high of N7.15 to N6.55, losing 60kobo or 8.39percent.
Also, Champion Breweries made the top laggards list after its share price decreased from N3.94 to N3.70, losing 24kobo or 6.09percent.
Read also: Stocks gain N6.3trn despite global headwinds
Meanwhile, share price of PZ rose most on the Nigerian Exchange, from N12.05 to N13.25, adding N1.20 or 9.96percent.
FCMB, Jaiz Bank, Transcorp, GTCO and International Breweries were actively traded stocks on the Nigerian Exchange Limited (NGX). In 6,449 deals, investors exchanged 1,323,730,306 shares valued at N7.724billion.
The Nigerian Exchange Limited All-Share Index (ASI) and Market Capitalisation decreased further by 0.36percent or N101billion on Tuesday to 52,756.62 points and N28.441trillion respectively, from 52,944.65points and N28.542trillion recorded the preceding day. Also, the market’s positive return year-to-date (YtD) by decreased further to 23.50percent.
