Transactions at the Nigerian Stock Exchange (NSE) remained on a negative trend with the market capitalisation dropping further by N34 billion following loses by some highly capitalised equities.
Reports showed that the market capitalisation, which opened at N11.466 trillion, lost N34 billion to close at N11.432 trillion.
Similarly, the All-Share Index lost 98.18 points or 0.29 per cent to close at 33,492.17 against 33,590.33 achieved at the close of business on Monday.
Market analysts attributed the persistent downward trend to “wait and see” attitude developed by investors due to delayed economic blueprint of the new government.
Nestle recorded the highest price loss to lead the laggards’ table, declining by N10 to close at N855 per share.
Mobil Oil lost N6.30 to close at N150, while Forte Oil went down by N1.26 to close at N158.60 per share.
Stanbic IBTC dropped 95k to close at N28, while GT Bank lost 35k to close at N26.94 per share.
Conversely, Okomu Oil topped the gainers’ table, appreciating by N1.46 to close at N30.67 per share.
National Salt, followed with a gain of 71k to close at N7.75, while Dangote Cement gained 54k to close at N177.55 per share.
Berger Paint increased by 43k to close at N11.36, while Unilever Nigeria grew by 33k to close at N45.50 per share.
FBN Holdings emerged the most traded equity, exchanging 32.96 million shares worth N295.83 million traded in 331 deals.
Transcorp came second with 31.57 million shares valued N94.59 million transacted in 174 deals, while Zenith Bank accounted for 26.93 million shares worth N534.30 million in 232 deals.
UBA sold 25.01 million shares valued N129.99 million achieved in 120 deals, while Access Bank traded 6.62 million shares valued N101.34 million in 161 deals.
In all, investors bought and sold 226.19 million shares worth N2.74 billion transacted in 3,512 deals.
This was against 337.48 million shares valued N2.83 billion traded in 3,481 deals on Monday.
NAN
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