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Stock market ends three-day rally, posts marginal loss

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Transactions on the floor of the Nigeria Stock Exchange on Tuesday recorded marginal loss to halt a three-day gaining streak.

The key market performance indicator, the NSE All-Share Index, declined by 0.03 per cent as investors commenced sell-off to take profits.

The market capitalisation of equities depreciated by N4bn or 0.03 per cent to close at N13.35tn from N13.36tn as market sentiment returned to the red zone. The premium subsector was the most active during the day , with 96.26 million shares traded by investors in 1,317 deals. The banking subsector of the financial services sector was boosted by activities in the shares of Fidelity Bank Plc and GTBank Plc, with a turnover of 64.86 million shares in 677 deals.

 

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