Traders misplaced about N184bn on the shut of Tuesday’s buying and selling on the Nigerian change, reversing the N101bn gained in the day before today.
The All-Share Index moderated by 0.33 per cent to 101,707.70 factors and the market capitalisation dropped by the identical share to N 55.652tn because the year-to-date achieve of the index slipped to 36.02 per cent.
The damaging results of the ASI additionally impacted the sectoral indices as three out of the 5 sub-sectors recorded antagonistic actions.
The Banking index led the losers with a 1.85 per cent decline, pushed by promote strain in Unity Financial institution, Wema Financial institution, United Financial institution for Africa and Zenith Financial institution Plc. The Client and Industrial Items indexes misplaced 0.22 per cent and 0.10 per cent, respectively, majorly because of share value decline in PZ, Cussons, Guinness Nigeria, Nigerian Breweries and Lafarge Africa.
In the meantime, the Insurance coverage and Oil/Fuel sectors superior by 1.13 per cent and 0.09 per cent, respectively.
Buying and selling exercise on the NGX displayed a assorted development, with the full offers and worth declining by 1.16 per cent and 16.09 per cent to eight,614 trades and N4.3bn, respectively; whereas the full traded quantity for the day elevated by 8.56 per cent to 263.19 million items.
On the shut of buying and selling, there have been extra losers at 30 than gainers which had been 24 securities.
PZ, MORISON and Pc Warehouse Group took a beating as they misplaced 9.87 per cent, 9.84 per cent and 9.70 per cent, respectively.
The gainers included Honeywell Flour Mill, Juli Plc and Cornerstone Insurance coverage, whose share costs appreciated by 9.92 per cent, 9.90 and 9.88 per cent, respectively.
VeritasKap emerged essentially the most traded safety by way of quantity with 49.07 million items altering palms in 143 offers, whereas UBA led in traded worth at N587.50m.