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Investors in the Nigerian equity market lost another N478 billion at the close of trading on Tuesday to continue their bearish sentiment.
This follows the fall in stock prices, including PZ, CWG and ABC Trans, on the stock exchange floor.
The benchmark All-Share Index (ASI) fell to 246,686.66 points from 247,560.66 points the previous day.
After five hours of trading on the capital market, equity capitalization fell to N158.2 trillion from N158.6 trillion recorded by the exchange on Monday.
Market breadth was negative, with 16 stocks rising, 36 declining, and 94 stocks unchanged in 71,683 transactions.
A total of 718,774,354 shares were traded worth N29.3 billion.
Intenegins, Trans Express and Neimeth led the gainers chart, with share price growth of 9.86%, 7.14% and 6.80% respectively, closing at N5.46, N5.10 and N11.00 per share, up from N4.97, N4.76 and N10.30 per share.
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PZ, CWG and ABC Trans led other price declines, with falls of 10%, 10% and 9.95% respectively to close at N88.20, N21.60 and N6.88 per share, down from N98.00, N24.00 and N7.64 per share, respectively.
On the volume index, Access Holding Co led trading with 84 million shares in 2,897 transactions, followed by Consolidated Hallmark, which traded 34 million shares in 198 transactions.
Neimeth traded 28 million shares in 316 transactions.
On the value index, Zenith Bank traded shares worth N3.5 billion in 4,502 transactions, followed by Aradel, which traded equities worth N2.5 billion in 1,892 transactions.
NGX Group traded shares worth N2.2 billion in 1,305 transactions.
Babajide Okeowo
