Nigerian stocks fell for second day on Tuesday as the benchmark index dipped 0.2 per cent amid sell pressure on three big bank stocks and Seplat Energy.
NGX 30, the stock index that tracks the top 30 companies in terms of market capitalisation and liquidity, slumped by 0.24 per cent., which measures the depth of investors’ sentiment towards trade, was negative as there were 22 laggards compared to 14 gainers. The 73 other stocks’ that partook in Tuesday trade saw no movement.
The all-share index shrank by 87.81 points to close at 47,340.86 while market capitalisation closed lower at N25.5 trillion.Veritas Kapital led the gainers, appreciating by 4.76 per cent to close at N0.22. Chams went up by 4.55 per cent to N0.23. Eterna rose to N5.25, notching up 4.17 per cent in the process. Unilever added 3.85 per cent to end trade at N13.50. Royal Exchange completed the top 5, climbing by 3.67 per cent to N1.13.
UBA was the most active stock with 23.4 million shares worth N200.2 million traded in 279 deals. Access Bank traded 10.4 million shares priced at N108.9 million in 158 transactions. FBN Holdings had 10.2 million shares valued at N117.6 million traded in 145 deals. UACN traded 9.7 million shares estimated at N104.4 million in 61 transactions. Zenith Bank traded 9.6 million shares valued at N259.6 million in 304 deals.
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