Equities value dropped by N114 billion on Tuesday, February 23, as the Nigerian Stock Market remained in the bear domain.
Market turnover closes negative as volume declined by 94.16 per cent against 1902.92 per cent uptick recorded in the previous session. FBN Holdings, Beco Petroleum and Guaranty Trust Bank were the most active to boost market turnover. FBN Holdings topped market value list.
Tiger Brands leads the list of active stocks that recorded impressive volume spike at the end of the trading session.
Market watcher believed that investors would continue to favor as short term approach to equities which will likely see a blend of profit taking and cherry picking this week.
Market breadth closed negative as Lafarge Africa Plc led 13 gainers against 26 losers topped by Dangote Cement at the end of the trading session which was an unimproved performance when compared with previous outlook.
