The Nigerian All-Share Index closed lower on Tuesday, 19th November, slipping by 340.50 points to settle at 144,646.01.
This marks a 0.23% decline from the previous day’s close of 144,969.30, with all FUGAZ banks ending the session in the red, reflecting the broader weakness in the market.
The downturn came despite a sharp jump in market activity, with trading volume soaring to 892 million shares, more than double the 381 million recorded the day before.
Market capitalization reflected the day’s weakness, easing to N92.0 trillion from N92.2 trillion across 20,225 deals.
In terms of trading volume, ACCESSCORP and TANTALIZERS were the day’s most active stocks, dominating the session.
Among the SWOOTs, ARADEL shed 0.85%, while on the flip side, INTERNATIONAL BREWERIES gained 1.26%.
The Nigerian All-Share Index remains under sustained bearish pressure, with the possibility of further downside if weak sentiment persists.
However, a rebound in mid- and large-cap stocks could help the index reclaim levels above 150,000 in the near term.