Stocks like Transcorp, Eterna, and Dangote Sugar led other major laggards on Tuesday that caused the Nigerian Exchange Limited (NGX) to decline by 0.51 percent at the close of trading.

Stocks value decreased by N345billion while the market’s return year-to-date (YtD) decreased to +3.86 percent. This week, the market has decreased by 0.85 percent.

Looking at the major decliners on Tuesday, it shows that Eterna decreased from N42 to N37.80, losing N4.20 or 10 percent.

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Also, Dangote Sugar dropped from N40 to N36, losing N4 or 10percent, while Transcorp moved down from N57 to N51.30, losing N5.70 or 10percent.

At the close of trading, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities market capitalisation decreased further from the preceding trading day’s highs of 107,455.13 points and N67.287 trillion respectively to 106,904.25 points and N66.942 trillion.

United Capital, Ellah Lakes, Zenith Bank, Universal Insurance and Access Holdings were aactively traded stocks. In 13,967 deals, investors exchanged 395,466,683 shares worth N8.763billion

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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