NGX: Bearish sentiment is still there. Because investors lose N326BN

Investors in the Nigerian equity market lost N326 billion at the close of trade on Tuesday.

This follows a decrease in stock prices such as Dangote Sugar, Wema Bank, and Secure Electronic Technology, among others, on the trading floor.

The Benchmark All-Share Index (ASI) fell to 140,929.60 points from 141,498.44 points recorded on the previous day.

After five hours of trading in the capital market, the capitalization of equity fell to N89.1 trillion from N89.5 trillion posted by Bourse on Monday.

The extent of the negative market with 16 advanced shares, 35 shares declined, and 96 remaining shares did not change in 23,657 agreements.

Thomas Wyatt Nigeria, Chellarams, and RT Briscoe led other growth with growth of 9.80%, 9.59% and 9.50% each in stock prices to be closed on N2.80, N16.00, and N3.92 from the previous N2.55, N14.60, and N3.58 per share.

Dangote Sugar, Wema Bank, and Secure Electronic Technology lead other prices with 10% 8.27%, and 6.25% stock price reduction to be closed in N54.00, N18.85, and N0.75 per share, down from N60.00, N20.55, and N0.80 per previous share.

Also Read: Nigeria Stock Market Recovering Because Investors Get N240BN

In the volume index, the Consolidated PLC Hallmark led trade with 169 million shares in 138 agreements, followed by Zenith Bank PLC, which was traded 58 million shares in 1,380 offers.

First Bank Holding Co trades 100 million shares in 458 agreements.

In the value index, the Zenith Bank PLC shares traded worth N6.9 billion in 1, 380 agreements, followed by a guarantee of trust holding, which trades equity worth N4.1 billion in 1,557 agreements.

First Bank Holding Co shares traded worth N3.1 billion in 458 agreements.

Babajide Okeowo