The depreciation trend in the equities market extended to the 8th consecutive session on Tuesday, as the Nigerian Stock Exchange All-Share Index (ASI) lost 0.15 percent to close at 25,461.34 points.
Market capitalisation recorded a decline of N13 billion to settle at N8.765 trillion, while the year-to-date losses increased to -11.11 percent.
Investors’ appetite remained negative as market breadth closed with 11 gainers paired against 17 losers.
Forte Oil led the declining stocks by 9.74 percent to close at N74.62 per share followed by Livestock Feeds and Total that shed 5 percent each to close at 76 kobo and N255.58 per share respectively.
Neimeth Pharmaceuticals and Nascon Allied Industries likewise dropped 4.88 and 4.77 percent each to close at 78 kobo and N7.19 per share.
On the other hand, Champion Breweries led the gainers chart with an 8.41 percent appreciation to close at N2.45 per share. Flourmills followed with a 5 percent growth to close at N17.85 per share, while Africa Prudential Registrars recorded a gain of 4.91 percent to close at N2.78 per share.
Unity Bank grew by 3.57 percent to close at 58 kobo per share and Mobil added 2.63 percent to close at N195.01 per share.
Market performance as measured by the total volume traded showed an appreciation of 8 percent to 120.9 million units valued at N1.186 billion and transacted in 2,397 deals compared to 112.4 million shares valued at N858.5 million transacted in 2,532 deals on Monday.
Diamond Bank emerged the most traded stock for the day with 18.3 million shares valued at N16.6 million. Access Bank followed with 14.6 million shares worth N80.8 million, while Transcorp traded 13.7 million shares valued at N9.2 million.
Skye Bank was responsible for 10.1 million shares worth N5.1 million and FBN Holdings came fifth, exchanging 7.7 million shares for N23.1 million.