BY BAMIDELE FAMOOFO
On Tuesday, the bears dominated the domestic bourse as the NGX All-Share Index slipped by 0.04 percent to settle at 65,309.65 points.
Equities investors as a result of the lacklustre performance lost N14.72 billion at the close of trading for the day.
The market’s weak performance was primarily driven by selloffs in Geregu Energy Plc which dropped by (-6.38%), WAPCO Plc also shed(-0.89%) and Dangote Sugar Refinery Plc (-2.94%).
As a result, the ASI’s year-to-date (YTD) return fell to 27.43 percent while the market capitalization lost N14.72 billion to close at N35.54 trillion.
Analysis of Tuesday’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 14.91 percent.
A total of 317.81 million shares valued at N4.47 billion were exchanged in 6,376 deals.
ACCESSCORP (+1.16%) led volume and value charts with 49.36 million m units in deals worth N861.16 million.
Market breadth closed positive at 1.17-to-1 ratio with advancing issues outnumbering declining ones. GUINNESS (+10.00%) topped twenty (20) others on the leader’s table while MBENEFIT (-7.69%) led seventeen (17) others on the leader’s table
