The Nigerian Stock Exchange, NSE, on Tuesday, March 21, ended south, reversing the five consecutive day bull run.
The All Share Index shed 112.98 points to close at 25,558.57 points in comparison with 18.39 points gained on Monday when the ASI closed at 25,671.55 points
Meanwhile, the Market capitalization settled at N8.843 trillion after losing N39 billion in Tuesday’s trade, compared to a gain of N3.4 billion recorded previously to close at N8.881 trillion.
Cadbury Nigeria Plc sat atop the loser’s chart leading the 24 declining stocks as the company’s shares dropped by 5 percent at the close of trading to settle at N7.41 per share.
Guinness Nigeria Plc followed with a depreciation of 4.99 percent to close at N60.03 while Meyer lost 4.82 percent to close at 79 kobo per share.
Nigerian Aviation Handling Company of Nigeria also lost 4.76 percent from its previous share price to settle at N2 and Jaiz Bank emerged the day’s fifth topmost loser to close at N1.27, having lost N4.51 per share.
On the flip side, Julius Berger led 12 other stocks with a gain of 5.26 percent to close at N40, Livestock feeds followed with a growth of 4.76 percent to close at 66 kobo per share, NASCON added 4.71 percent to close at N7.12
Cement Company of Northern Nigeria appreciated 4.44 percent to close at N4.70 while Fidson completed the day’s five top gainers with an increase of 4.30 percent to close at 97 kobo per share.
Volume and Value traded on the NSE also slowed to show dampened investors activities which occurred in 2,675 deals.
At the end of trading, investors transacted 2,675 deals with volume of traded stocks crashing 69 percent to 153.7 million units as against 495.2 million units previously, while Value of stocks traded fell 40 percent to N1.5 billion compared to N2.5 billion worth of stocks traded Monday.
