Tuesday’s decline in 16 stocks, including National Salt Company, Thomas Wyatt Nigeria, May and Baker Nigeria, and others, caused the Nigerian equity market to lose N92.32 billion.
The all-share index and the market capitalisation both closed at N56.36tn and 99,630.51 points, respectively, down 0.16 percent.
As a result, the year-to-date return decreased from 33.5% to 33.24 percent.
Market breadth remained positive despite the equities market’s drop, with 29 stocks rising and 19 declining in 8,064 deals.
Leading the gainers were Total Nigeria, which increased by 9.98% to close at N388.90, Presco, which increased by 9.97% to conclude at N323.30, and UPDC leverages, which increased by 9.92% to close at N1.33.
Conversely, National Salt Company, Thomas Wyatt Nigeria, and May and Baker Nigeria experienced the most declines, closing at N36.80, N1.59, and N5.60, respectively, with reductions of 9.91 percent, 9.66 percent, and 7.13 percent.
Fidelity Bank led the volume of transactions with 293.18 million shares moved in 340 deals, followed by Nigerian Breweries with 101.584 million shares traded in 145 deals.
Monday saw N323 billion in gains in the equity market thanks to gains made by Access Holding, Flour Mills Nigeria, Total Nigeria, and 27 other companies.
