The Nigerian Exchange Limited (NGX) continued its slide on Tuesday, with the All-Share Index dropping by 0.67% to close at 96,928.52 basis points.
The market capitalisation fell by N371 billion to N55.00 trillion. The Year-to-Date gain moderated to 30.5% as investors reacted to global stock market volatility.
The market saw increased trading volume with 449.2 million shares worth N6.74 billion changing hands in 9,381 deals.
Despite this, the number of deals fell by 4%. Major declines were observed in stocks like BUA Cement and Fidelity Bank, while National Salt Company and Academy Press led the gainers.
Top stocks showed varied performances. National Salt Company and Academy Press gained 10% each, while BUA Cement lost nearly 10%. The most active stock was United Bank for Africa, trading 62.8 million shares worth N1.3 billion.
(The Sun)