The first trading day after the two-working day holiday to celebrate Sallah ended on a negative note on Tuesday at the Nigerian Exchange (NGX) Limited with a 0.52 per cent loss.
This occurred despite investor sentiment remaining bullish as Customs Street closed with 35 price gainers and 23 price losers, representing a positive market breadth index.
During the session, RT Briscoe lost 10.00 per cent to trade at N2.25, John Holt fell by 9.87 per cent to N6.85, Beta Glass shattered by 9.69 per cent to N210.10, Aradel Holdings depreciated by 9.09 per cent to N500.00, and Deap Capital slumped by 8.16 per cent to 90 Kobo.
On the flip side, DAAR Communications improved by 10.00 per cent to 66 Kobo, Berger Paints also added 10.00 per cent to sell for N22.55, eTranzact appreciated by 10.00 per cent to finish at N6.60, Legend Internet rose by 9.93 per cent to N5.87, and Omatek increased by 8.22 per cent to 79 Kobo.
Business Post reports that 652.6 million stocks worth N18.9 billion exchanged hands in 23,978 deals compared with the 1.5 billion stocks valued at N33.5 billion transacted in 16,410 deals last Thursday, indicating a jump in the number of deals by 46.12 per cent, and a fall in the trading volume and value by 56.47 per cent and 43.52 per cent, respectively.
Access Holdings topped the activity chart after selling 88.3 million equities valued at N2.0 billion, Zenith Bank traded 49.3 million shares worth N2.5 billion, GTCO transacted 47.3 million stocks for N3.3 billion, Fidelity Bank exchanged 42.9 million shares worth N844.8 million, and Coronation Insurance traded 35.0 million equities valued at N70.6 million.
Yesterday, the consumer goods space increased by 0.83 per cent, the energy index appreciated by 0.08 per cent, and the banking counter expanded by 0.02 per cent.
However, the commodity sector crumbled by 1.57 per cent, the industrial goods sector shrank by 0.83 per cent, and the insurance industry declined by 0.60 per cent.
Consequently, the All-Share Index (ASI) went down by 599.27 points to 114,017.48 points from 114,616.75 points and the market capitalisation decreased by N378 billion to N71.898 trillion from N72,276 trillion.