Trading on the floor of Nigerian Stock Exchange (NSE) closed on Tuesday with investors losing N40.47 billion.
The equity capitalization at the market closed at N21.18 trillion lower than N21.22 trillion recorded on Monday.
The All Share Index (ASI) also depreciated following a loss of 77.32 basis points to end trade at 40,494.35 ASI on Tuesday.
This was also below the 40,571.67 ASI the market closed with the previous trading day.
The volume of shares traded, however, increased, with data from NSE showing that investors traded 356.43 million shares on Tuesday, more than 206.24 million shares for Monday.
Also the number of deals sealed by investors rose to 5,040 from 4,264 completed on Monday.
The value of shares was not left out as NSE reported it increased from N2.16 billion to N5.76 billion on Tuesday.
Meanwhile, Learn Africa rose to the top of the gainers’ chart after rising by 9.28 percent to close trading at N1.06 from N0.97kobo it opened with on Monday.
Ardova followed with N18.05 as its share price moved increased to N16.55kobo following a N1.5kobo gain in share price.
Multiverse closed the market with N0.26kobo, rising from the opening price of N0.24kobo per share after recording 8.33 percent rise.
Wema Bank share price increased by 7.69 percent to move from N0.65 kobo to N0.70kobo.
Guinness completed the top five after gaining N1.5kobo to increase its share price from N20.5kobo to N22 per share.
Cornerstone topped the losers’ chart after shielding 10 percent of its share price to close the market with N0.54kobo, having opened trading with N0.6kobo.
UPDCREIT also made the list after losing N0.60kobo to drop to N5.4kobo from N6:00 per share.
Chi Plc share price dipped by 9.52 percent to drop from N0.42 kobo to N0.38kobo at end of trading.
Prestige share price declined by 8.51 percent to close the trading at N0.43kobo per share from N0.47kobo.
WAPIC completed the list as its share price fell by 8.33 percent to end trade with N0.55kobo, having opened trade with N0.6kobo per share.
For most traded shares, GTBank was the most active stock on Tuesday as investors traded 46.15 million shares worth N1.42 billion.
First Bank shares were traded at a volume of 35.34 million valued at N256.88 million.
Dangote Sugar was next with 26.81 million shares traded at a cost of N510.52 million.
Zenith Bank reported 25.99 million shares worth over N652.64 million, while Transcorp recorded 25.34 million traded shares at a value of N25.19 million.
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
INVESTIGATION: How roadside foods endanger consumers’ life with trans fat in northern Nigeria
With an estimated 854,000 deaths in Nigeria, and 3,229 attributed to trans fatty acids (TFA) -related cardiovascular deaths, ADESOLA IKULAJOLU visited Nigeria’s...
INVESTIGATION: Untold story of Ondo oil producing communities battling poor health system
Access to quality healthcare is one of the nightmares of communities in Ilaje local government area of Ondo State. Despite...
FEATURE: Ogun residents, waste collectors trade blames, as refuse litter environment
TIJANI ABDULKABEER, a journalist from the University of Ibadan, during a recent trip to Sango Otta, Ogun State took a look...
INVESTIGATION: How online fraudsters siphon victims’ funds through ‘SportyBet’ platform
As Nigeria transits into a cashless society, the evolution also creates opportunities for internet scammers to take advantage of unsuspecting...
SPECIAL REPORT: Enugu govt watches as waste takes over state, threatens public health, environment
In this report, Arinze Chijioke looks at how delays in evacuation of waste in Enugu State encourages indiscriminate waste disposal, its health implications, and how...