The Nigerian Stock Exchange, NSE, on Tuesday, February 6, remained in the red for the second consecutive trading session.
Consequently, the All-Share Index, ASI, depreciated by 0.87 percent or 384.42 points to settle at 43,877.30 points, while the market capitalisation went down by N138 billion to close at N15.746 trillion.
Also, the market breadth stayed negative with 18 gainers paired against 48 losers.
Stanbic IBTC led the laggards’ pack, appreciating by N1 to settle at N47 per share, while Dangote Sugar also rose by N1 to finish at N22 per share. PZ Cussons jumped by 35k to close at N24 per share, Red Star Express appreciated by 25k to finish at N5.75k per share, while Eterna surged by 20k to end at N5.88 per share.
On the other side, Mobil emerged the biggest price loser dropping N6 to settle at N210 per share.It was followed by Unilever, which depreciated by N2.10k to finish at N45.35k per share, and Flour Mills, which sank by N1.60k to end at N32.40k per share.
Zenith Bank dropped N1.45k to close at N31.20k per share, while Julius Berger fell by N1.35k to settle at N27.30k per share.
A total of 717.2 million shares worth N4.9 billion exchanged hands today in 6,720 deals against 426.9 million equities traded yesterday in 5,741 deals valued at N2.8 billion.
Lasaco Assurance Plc got the curiosity of investors at the equities market on Tuesday, emerging the most traded stock at the close of business. The company sold a total of 182.8 million shares valued at N59 million, though its share price remained at 34k per share.
FCMB was the second most traded stock, exchanging 90.5 million shares worth N258.6 million, while Skye Bank came third after transacting 80 million equities for N102 million.
Transcorp sold 66.4 million stocks worth N144.9 million, while FBN Holdings exchanged 39.7 million equities for N513.3 million.
Despite the negative run on the bourse, volume and value of shares transacted increased at the end of trading compared to the decline recorded the previous trading session.
