- Year-to-date returns stands at +33.24%
Bears resurfaced in the Nigerian Equities market, overturning Monday’s bullish close as the All-Share Index depreciated by 0.16 percent to close at 99,630.51 points from 99,793.71 points in the previous session.
The Tuesday’s Negative performance was primarily driven by selling pressure in stocks like, MTNN (-7.13%), ETI (-2.47%), TRANSCORP (-2.27%), WEMABANK (-0.73%), FBNH (-0.43%), OANDO (-0.34%) and 13 others.
Consequently, the year-to-date return rose to 33.24 percent.
Similarly, the overall market capitalization decreased by 0.16 percent to close at N56.35 trillion as investors lost N92.32 billion.
Market activity for the day was mixed as volume traded decreased by 11.89 percent to 848.97 units while value traded increased by 22.62 percent to N16.55 billion, respectively.
Market analysts expect the market to trade mixed amidst investors profit taking actions in the subsequent trading sessions.
The Nigerian Naira appreciated by 0.67 percent against the US Dollar in the NAFEM Window, closing at a rate of ₦1,473.66.
