The losing streak at the Nigerian capital market continued on Tuesday following a 0.01 percent crash in equity capitalization at the close of the day’s business.
The equity capitalization dropped by N3billion to close at N20.245 trillion from N20.248 trillion posted on Monday.
The All Share Index was down by 5.34 basis points to settle at 38, 858.99 compared to 38,864.33 recorded the previous day.
Investors traded 526.30 million shares valued at N3.04 billion in 3,535 deals on Tuesday.
This was in contrast to the 139.45 million shares worth N1.71 billion that exchanged hands in 3,539 deals on Monday.
In terms of company performance, Sky Aviation led the gainers’ chart after its share price rose by N0.40kobo to move from N4.05 to N4.45kobo per share.
Wema Bank’s share value was up by 5.13 percent to end trading at N0.82kobo from N0.78kobo per share.
Flour Mills boosted its share value by 1.87 percent to move from N29.35kobo to N29.90kobo per share at the end of trading.
United Capital share price appreciated by N0.15kobo to end trading with N8.70kobo from N8.55kobo per share.
Jaiz Bank’s share value rose by 1.72 percent to move from N0.58kobo to N0.59kobo per share.
Mansard topped the losers’ chart after shedding 9.70 percent from its share value to drop from N2.99kobo to N2.70kobo per share.
African Prudential share value declined from N6.40kobo to N5.85kobo per share after losing 8.59 percent in its share price.
Regal Insurance dropped by 6.82 percent to end trading at N0.41kobo from N0.44kobo per share.
Tripple Gee share price declined from N0.96kobo to N0.90kobo per share after losing 6.25 percent during trading.
Courtville completed the list as its share price fell by 5.71 percent to end trading at N0.33kobo from N0.35kobo per share.
Honeywell Flour was the most active stock as investors traded 402.18 million shares worth N1.52 billion.
UBA shares were traded at a volume of 11.12 million and valued at N82.70 million.
Transcorp was next with 9.47 million shares traded at a cost of N8.74 million.
Fidelity Bank reported 9.15 million shares worth N22.39 million, while Wema Bank recorded over 8.71 million traded shares at a value of N6.75 million.
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
If you are motivated and passionate about building a global society, founded on justice, equity, fairness, transparency, accountability and superior knowledge, kindly consider donating to Ripples Nigeria’s solutions journalism.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
INVESTIGATION: Inside UNILAG’s multi-million naira budgetary abuse and academic discord
The University of Lagos located in Nigeria’s commercial capital, Lagos, has been embroiled in controversies with allegations bothering on misappropriation of...
SPECIAL REPORT: Displaced residents of Zamfara battle hunger, as underfunding derails Nigeria’s nutrition goals
On paper, Muhammad Zayyanu is seven years old. The quiet boy who looks shorter for his age could not recollect...
INVESTIGATION: N7.3bn paid for unnamed projects; how Nigerian govt spent N2.2trn in six months
Analysing nearly 3,000 payments made by various Federal Government Ministries, Departments and Agencies (MDAs) over the previous six months (January...
INVESTIGATION… Delay rocks Nigerian govt’s promise of N30,000 covid-19 relief for artisans, others
Before the outbreak of the COVID-19 pandemic in February, 2020, Chukwudi Okoroigwe’s daily earnings as a bus driver was hardly enough to cater to the...
INVESTIGATION… Ten years after, communities count losses as AfDB, Cross River govt abandon road project
Ten years after the Cross River State government and African Development Bank (AFDB) jointly awarded the Yahe-Wanokom-Wanikade-Benue border road for...