The equities market ended yesterday in the negative territory following sell-offs in Access (-4.7 per cent), Nigerian Breweries (-3.7%) and Zenith (-1.7%).
As a result, market capitalisation fell N65.8 billion to close at N21 trillion while the returns worsened to -0.4% with the All share Index (ASI) dipping by 31 basis points (bps) to 40,095.49 points.
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Trading activity declined as volume and value dipped 30.6% and 47.6% to 326 million units and N3.7bn respectively.
The most traded stocks by volume were Transcorp (48.4m units), Dangote Sugar (33.9m units) and UBA (27.5m units) while Zenith (N637.6m), Dangote Sugar (N611.8m) and Guaranty (N478.8m) led by value.
Performance across sectors was mixed as 3 of the 6 indices under review closed southward.
The Banking index led laggards, down 1.4% due to price decline in Access (-4.7%) and Zenith (-1.7%).
