The Nigerian Stock Exchange (NSE) ended Tuesday’s trading session in negative territory with the market capitalisation shedding N70 billion owing to losses by Total, Seplat, Guarantee Trust Bank (GTBank), MTN Nigeria Communications (MTNN), among others.
The All Share Index (ASI) fell 133,45 points to close at 24,650.16 down 24,783.61 recorded at Monday trading.
Also, market capitalisation fell 0.54 percent to close at N12.858 trillion lower than N12. 928 trillion recorded the previous day.
Total, was the worst performing stock, declining by 9.95 percent, to close at N87.80 per share.
Seplat Petroleum was next on the losers’ chart, with a decline of 9.82 per cent to close at N282 per share.
GTBank fell 3.00% to close at N22.6, while MTNN shed 1.67% to close at N118 per share.
Also, NPF Microfinance Bank, made the losers’ chart, declining by 7.75 per cent to close at N1.31 per share, UACN dropped by 6.85 per cent to close at N6.80, while Julius Berger shed 6.25 per cent to close at N15, per share.
Top gainers at Tuesday’s trading included Berger Paints and Mutual Benefits Assurance, Unity Bank and Okomu Oil. In percentage terms, both companies- Berger Paints and Mutual Benefits led other stocks gaining10 percent each, to close at N6.05 and 22k per share, respectively. Unity Bank gained 8.77% to close at 62k per share, while Okomu Oil gained 6.315 to close at N74.95.
Top traded stocks by volume at yesterday’s trading were MBENEFIT (26.9m units), FBNH (17.0m units) and Access Bank (11.2m units) while MTNN (₦939.5m), GTBank (₦190.4m) and WAPCO (₦130.8m) led by value.
Performance across sectors was bearish as only the Insurance index (+0.4%) gained due to price appreciation in MBENEFIT (+10.0%) and AIICO (+1.1%).
On the other hand, the Oil & Gas (-5.2%) and AFR-ICT (-0.9%) indices declined on the back of losses in Seplat and Total.
The Banking (-0.5%) and Consumer Goods (-0.1%) indices also lost owing to sell-pressures in GUARANTY (-3.0%), FBNH (-1.0%), PZ (-3.7%) and GUINNESS (-1.8%)., while the Industrial Goods index closed flat.