Stock Traders Lose N12 Billion on Tuesday

Stock Traders Lose N12 Billion on Tuesday as Weak Sentiment Persists

Stock traders at the Nigerian Stock Exchange (NSE) lose N12 billion on Tuesday as business sentiment remains weak across the board.

The NSE All-Share Index declined by 0.09 percent or 23.44 basis points from 24,954.32 bps attained on Monday to 24,930.88 bps on Tuesday.

The market capitalisation of listed equities declined by N12 billion from N13.017 trillion on Monday to close at N13.002 trillion on Tuesday.

Accordingly, 200.39 million shares were traded in 4,194 transactions by investors on Tuesday.

In terms of volume traded, the premium subsector was the most active on Tuesday as investors traded 74.93 million shares in 1,604 deals. The subsector was largely driven by activities in FBN Holdings and Zenith Bank Plc.

The financial subsector also came alive with a turnover of 28.14 million shares exchanged in 186 transactions.

Fidson Healthcare Plc, Skyway Aviation Handling Company and Caverton Plc led gainers’ table with an increase of 10 percent, 8.06 percent and7.35 percent to close at N3.63 per share, N2.95 per share and N2.19 per share respectively.

On the other hand, Neimeth International Pharmaceuticals Plc that led gainers’ table last week and on Monday top losers’ chart on Tuesday with 9.91 percent decline to settle at N2.09 per share.

This was followed by a 9.52 percent decline from Prestige Assurance Plc and a 9.38 percent decline from C&I Leasing Plc.