BEARISH run on Tuesday persisted on the Nigerian Stock Exchange, NSE for the seventh consecutive day as all-share index, ASI dipped 0.66 percent to close at 34,115.49 points.
Yesterday’s loss is reported to be the biggest since the bearish streak started; leading market capitalisation to decline by N76.98 billion to close at N11.59 trillion, according to daily market update.
With this loss, current market Year-to-Date, Y-t-D and Month-to-Date, M-t-D returns stands at 1.56 percent and 1.71 percent respectively.
According to the report, three (3) of the five (5) NSE Sector indices mirrored the broader market direction. “The Oil/Gas and Banking indices continued to disappoint with respective declines of 1.98 percent and 1.08 percent, while the Consumer Goods index also fell by 0.87 percent,” Cordros added.
On the contrary, the Insurance index recorded a gain of 1.49 percent, while the Industrial Goods index grew by a marginal 0.01 percent.
At the end of yesterday’s transaction on the Nigerian bourse, market breadth posted a negative outlook with 18 gainers and 26 losers.
Paint manufacturer, Berger Paints Nigeria Plc emerged top gainer with a gain of 0.48 kobo; while pan African lender, Ecobank Transnational Incorporated, ETI led the losers table with a loss of N2.26.
In terms of turnover, volume traded soared by 154 percent to 525.93 million shares, valued at N3.29 billion and traded in 4,364 deals.

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