NSE: Share prices of ZENNITH BANK, UBA, ACCESS BANK, and GTB dipped, as investors lost N371.3 Billion on Tuesday.
At the close of business on Tuesday, investors lost Three Hundred and Seventy –One Point Three Billion naira, as the market could not sustain Mondays gain.
Market capitalization rose from Twenty Point Five-Nine Trillion naira traded on Friday to Twenty Point Six -Nine Trillion on Monday and However fell to Twenty Point Two Trillion naira on Tuesday.
The All Share Index points as a result closed at Thirty-eight Thousand, six hundred and eighty-six point eight –five points from Thirty-Nine Thousand Three Hundred and Ninety-Six Point Five –Seven points, a Zero Point Seven-six percent fall.
Other market indices, the volume and the value however closed blue.
Four hundred and Eighty-Nine Point Nine –Eight shares exchanged hands on the floor on Tuesday. This was a Sixty-Four Point Eight percent increase from Two Hundred and Ninety-Seven Point Two –Six Million shares traded on Monday.
The value in the like manner rose from Three Point One-Five Billion naira to Six Point Six-Five Billion naira, a Three Point Four-Nine-Billion-naira increase.
Among the Twenty-One decliners and Fifteen gainers recorded, CHAMPIONS BREWERIES was the top gainer. Its share price rose to two naira two kobo from One Naira Eighty-Four kobo traded on Monday, a Nine Point Seven-Eight percent gain.
NEIMETH, MUTUAL BENEFIT INSURANCE and DANGOTE SUGAR were other top gainers with Nine Point Seven-One percent, Eight Point One percent and Seven Point Nine –Eight percent gain respectively.
On the other hand, UBA, CAVERTON and NORTHERN NIGERIA FLOUR MILL, were the top losers with Ten percent, Nine Point Five-Four Percent and Nine-Point Five-Two percent loss on their share prices.
On the activity chart, financial sector was the investor’s delight, with ZENNITH BANK, UBA, ACCESS BANK, FIRST BANK HOLDINGS and GUARANTY TRUST BANK having over Two Hundred and Twenty deals each.
Three Hundred and Seventy –One Point Three Billion loss recorded on the floor was driven by the Fall in the share prices of ZENNITH BANK, UBA, ACCESS BANK, GUARANTY TRUST BANK and UNITED CAPITAL PLC .
