The performance indexes fell by 0.48 per cent on Tuesday as the equity market reversed the previous day’s upward trend.
From N28.155 trillion traded the day before to N28.021 trillion at closure, the market capitalization decreased by N134 billion, or 0.48 per cent.
The All-Share Index (ASI) also decreased by 246.48 points, or 0.48 per cent, to settle at 51,446.60 from 51,693.08 registered during the previous trade.
Thus, the year-to-date returns were 0.39 per cent.
With 16 gainers and 13 losers, the market breadth was favourable.
Losses in Airtel Africa equities were the key factor contributing to the slump.
NEM Insurance, which closed at N4.05 per share, was at the top of the losers’ leaderboard in percentage terms.
Chellarams Plc was the next to close down, losing 9.90% to N1.82, and Champion Breweries was down, losing 9.58% to N4.34 a share.
Cornerstone Insurance fell 6.67% to close at 56k, while Honeywell Flour Mills fell 4.96% to end the day at N2.30 per share.
The gainers’ chart in percentage terms was led, however, by Thomas Wyatt Nigeria, which increased it by 9.43% to end at N1.16 per share.
Academy Press increased by 5.65 per cent to conclude at N1.31 per share, while Mutual Benefits Assurance closed at 30k with a 7.14 per cent gain.
Lasaco Assurance went up by 4.44 per cent to close at 94k, while Chams Plc rose by 4.35 per cent to close at 24k per share.
Similar to this, the total number of trades climbed by 51% to 4,184 deals totalling 345,49 million units worth N8,29 billion.
With 151.39 million shares changing hands for N1.7 billion in transactions, FBN Holdings shares came out on top.
Zenith Bank traded 25.46 million shares valued at N619.71 million, BUA Cement traded 30.46 million shares for N2.92 million, and Zenith Cement traded 30.46 million shares.
18.56 million shares worth N87.56 million were traded by Fidelity Bank, while 13.01 million shares worth N15.43 million were exchanged by Transcorp.
