Trading on the floor of the Nigerian Stock Exchange, NSE, continued on a downward slope on Tuesday, October 18,as value of the bourse tumbled.
The All Share Index dropped 0.28 percent to 27,555.31 basis points from 27,634.99 basis points recorded on Monday, plunging year to date returns to -3.8 percent. Likewise market capitalisation of the Nigerian Stock Exchange (NSE) dropped by N27.4 billion, bringing to total N105 billion this week.
Unhealthy investor sentiments on the equities market tracked by the market breadth persisted as 13 advancers were matched against 27 decliners.
A.G leventis led the three top losers with a decline of 8.60 percent or N0.08 to close at N0.85 per share. Diamond Bank Plc and Seplat Petroleum followed, both posting losses of 5 percent each to close the day at N1.14 and N361 per share respectively.
Conversely, Total Nigeria Plc led the 13 advancing stocks with a gain of 5 percent or N14.47 to close at N303.97 per share. Neimeth Pharmaceuticals and Livestock Feeds Plc also recorded improvement of 4.88 percent and 3.53 percent in their share prices to close at N0.86 and N0.88 per share respectively.
Market performance measured by volume of stocks traded slid by 39.8 percent to 154.1 million units, while value traded advanced 107.8 percent to N1.6 billion.
