Specifically, the market capitalisation lost N90 billion or 0.59 per cent to close at N15.132 trillion compared with N15.222 trillion achieved on Monday.
Commenting on the market performance, Ambrose Omordion, the Chief Operating Officer, InvestData Ltd., attributed the mixed performance to profit taking. He said this is also against the backdrop that capital wave in the financial market may change in the midst of the unstable economic outlook for 2020.An analysis of the price movement chart shows that Associated Bus Company led the losers’ chart in percentage terms, dropping by 9.76 per cent to close at 37k per share.
Conversely, Julius Berger recorded the highest price in percentage to lead the gainers’ table, gaining 9.93 per cent to close at N22.15 per share. Similarly, the total volume of shares traded declined by 43.49 per cent as investors bought and sold 250.93 million shares worth N4.83 billion exchanged in 4,561 deals.
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