Investors in the Nigerian equities market lost about ₦4 billion at the close of trading on Tuesday, following a decline in the share prices of key stocks, including Austin Laz & Company, Deap Capital Management & Trust, and Fidson Pharmaceuticals.
The downturn pushed the benchmark All-Share Index (ASI) down slightly to 147,710.96 points, compared to 147,717.22 points recorded the previous day.
Similarly, the equity market capitalisation dropped to ₦93.756 trillion, from ₦93.760 trillion posted on Monday, reflecting the day’s marginal loss.
Market sentiment remained weak as the market breadth closed negative — with 18 gainers, 26 losers, and 102 unchanged stocks — across 25,645 deals.
A total of 495.1 million shares valued at ₦17.3 billion were traded during the session.
Among the top gainers were:
Regal Insurance, which rose by 8.82% to close at ₦1.48 from ₦1.36,
Prestige Insurance, gaining 6.71% to ₦1.75 from ₦1.64, and
WAPIC, which appreciated by 6.45% to ₦3.30 from ₦3.10 per share.
Conversely, Austin Laz & Company, Deap Capital Management & Trust, and Fidson Pharmaceuticals led the decliners’ chart, shedding 7.94%, 6.67%, and 6.67% respectively. They closed at ₦2.90, ₦1.68, and ₦40.60 per share, down from ₦3.15, ₦1.80, and ₦43.50.
On the volume chart, Fidelity Bank Plc dominated trading with 50 million shares exchanged in 451 deals, followed by Chams Plc with 37 million shares in 670 deals, and Tantalizers, which traded 36 million shares in 107 deals.
In terms of value, MTN Nigeria topped the chart with trades worth ₦2.4 billion across 1,262 deals, followed by Dangote Cement, which recorded ₦2.3 billion in 985 deals, and Lafarge WAPCO, which exchanged shares worth ₦2.2 billion in 339 deals.
The day’s outcome reflects a mild correction in the market as investors continued to rebalance portfolios amid mixed trading sentiment.
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