Equities End Four Days Rally with N46billion Loss

The bearish sentiments returns to the Nigerian stock market causing a N46 billion loss at the close of trading on Tuesday, January 26.

Market capitalisation dropped from N8.242 trillion to close at N8.196 trillion and the NSE All Share Index depreciated by 131.61 basis points or 0.55 per cent to close at 23,832.03 basis points, compared with the 0.58 per cent appreciation recorded previously.

Market breadth closed negative as Seplat Petroleum Development Company Plc led 15 gainers against 29 losers topped by Nestle Nigeria at the end of the trading session which was an unimproved performance when compared with previous outlook.

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