The All-Share Index closed at 60,715.04 index points, 1.99
per cent less than the 61,949.24 index points it recorded at the end of the
previous trading day.
In a remarkable one-day loss, the market value of shares
fell by N671bn, (1.99 per cent), to N33.06tn at the close of trading. This was
from N33.731tn recorded in the previous day’s session.
CHIPLC, ETERNA, and CHAMS topped the gainers list,
appreciating by 10 per cent, 9.96 per cent and 9.88 per cent, respectively.
LASACO, PZ, and WEMABANK led the losers, going down by
-13.86 per cent, -10.00 per cent and –9.98 per cent respectively.
The value of shares exchanged stood at N12.21bn, 13.03 per
cent lower than the N14.04bn recorded in the previous day’s session.
In terms of volume, 1.11 billion shares were exchanged, in
contrast to 1.20 million traded during the previous session.
FCMB, STERLING and TRANSCORP ranked as the most traded
stocks, with 180.75 million, 107.54 million and 105.87 million units of shares
traded respectively.
Value-wise, the top three traded shares were ACCESSCORP
(N1.34bn), UBA (N1.12bn), and FCMB (N981.47m).
Tuesday’s bearish trend brings to an end a market rally that
saw investors record impressive gains to close the first half of the year on a
positive note.
The N671bn loss eclipses the N533bn gain recorded on Monday,
as investors chose to take profit following an impressive market rally streak.