The Nigerian Exchange (NGX) closed Tuesday’s trading session in negative territory, with the All-Share Index dropping by 0.44% to 103,958.75 points. This decline erased N284bn from the market’s capitalization, which now stands at N64.2tn. The market saw mixed activity, with 127 equities trading, 30 gainers, and 32 losers.
Losses were led by MRS Oil Nigeria, which fell by 9.95% to N162.90 per share, followed by Red Star Express (-9.9%), Learn Africa (-9.82%), Daar Communications (-8.33%), and Veritas Kapital (-7.74%). Despite the downturn, Okomu Oil Palm, Eunisell Interlinked, and SCOA Nigeria recorded 10% gains, with Skye Shelter Fund and NEM Insurance also rising.
Trading activity improved with 542.2 million shares exchanged in 15,561 deals, valued at N13.64bn. Access Holdings led in volume with 44 million shares, followed by Sterling Bank (42.2m), Zenith Bank (33.8m), and United Bank for Africa (29.2m). Sectoral performance was mixed, with the Oil & Gas Index gaining 1.06%, while the Consumer Goods, Pension, and Top 30 indices declined.
Source: PUNCH