Buyers Lose N1bn As Equities Market Dips

The Nigerian Trade Restricted dipped barely on Tuesday as buyers misplaced about N1bn on the finish of buying and selling.

The All-Share Index depreciated to 55.603.94 on Tuesday from Monday’s file of 55,605.57. The Market capitalisation additionally dipped to N30.290tn from N30.291tn recorded on Monday.

The quantity of shares traded on the Trade improved by 29 per cent as 159,460,465 million shares price N 2.475bn had been traded in 4,187 offers.

By breadth, the market sentiment was unfavorable, as 22 equities misplaced whereas 10 equities gained.

MRS, NCR and Mulitiverse recorded the best losses of the day having declined in share worth by 10.00 per cent, 9.88 per cent and 9.85 per cent respectively, whereas Caverton, UACN topped the gainers’ desk as their share costs appreciated by 9.62 per cent and seven.60 per cent respectively.

Zenith Financial institution was essentially the most traded inventory on the ground of the alternate on Tuesday adopted by GTCO and MTN Nigeria which closed at N25.95, N26.20 and N248 respectively.