Stock market sheds N71bn

The Nigerian banal marketplace slipped backmost into the reddish connected Tuesday, ending its one-day rebound with a nonaccomplishment of N71 billion.

Sell-offs successful Austin Laz, Deap Capital Management, FTN Cocoa Processors, Regency Alliance Insurance, Champion Breweries and 22 different equities dragged wide show lower.

The marketplace capitalisation, which opened astatine N89.626 trillion, declined by 0.08 per cent oregon N71 cardinal to adjacent astatine N89.555 trillion.

Similarly, the All-Share Index (ASI) shed 112.20 points oregon 0.08 per cent, closing astatine 141,546.80 compared with 141,659.00 posted connected Monday.

Market breadth closed negative, with 27 losers against 23 gainers.

Austin Laz led the losers’ chart, dipping 6.27 per cent to N2.69. Deap Capital Management followed with a 5.56 per cent nonaccomplishment to N1.70 per share. FTN Cocoa Processors declined by 4.84 per cent to N5.90, portion Regency Alliance Insurance and Champion Breweries mislaid 4.40 per cent and 4.26 per cent to adjacent astatine N1.74 and N15.30 respectively.

On the gainers’ side, Custodian Investment topped with a 9.94 per cent emergence to N44.80.

Multiverse Mining precocious 9.68 per cent to N13.60, portion Eunisell Interlinked and Etranzact International appreciated by 9.45 per cent each to adjacent astatine N27.80 and N17.95.

Union Dicon Salt besides gained 8.42 per cent to settee astatine N10.30 per share.

Overall, marketplace enactment declined compared with the erstwhile session.

Investors exchanged 414.9 cardinal shares worthy N12.95 cardinal successful 25,386 deals, against 555.1 cardinal shares valued astatine N24.1 cardinal successful 31,578 deals connected Monday.

GTCO Plc led the enactment illustration successful measurement with 32.9 cardinal shares valued astatine N3.1 billion.

Secure Electronic Technology followed with 32.5 cardinal shares worthy N26.4 cardinal portion United Bank for Africa traded 26.2 cardinal shares valued astatine N1.24 billion.

CHAMS sold 21.9 cardinal shares worthy N74.8 cardinal and Regency Alliance Insurance transacted 18.9 cardinal shares valued astatine N33.5 million. 

The station Stock marketplace sheds N71bn appeared archetypal connected Vanguard News.