The domestic equity market on Tuesday returned to a bearish run, shedding N672 billion following losses recorded by some medium and large stocks.
The market capitalisation of listed equities decreased by 1.99 percent to N33.059 trillion from N33.731 trillion reported the previous day.
The NGX All Share Index also depreciated by 1234.20 basis points to 60715.04 points from 61949.24 points traded the previous day.
An analysis of the investment showed that Chi Plc led the gainers table during the day, gaining 10 percent to close at N0.99 per share, Eterna Plc followed with a gain of 9.96 percent to close at N25.40 per unit, Chams Plc added 9.88 percent to close at N0.89 per unit, ETranzact added 9.87 percent to close at N7.79 per share, Skyways Aviation Handling also gained 9.87 percent to close at N12.25 per share.
On the contrary, Lasaco Insurance recorded the highest loss, shedding 13.86 percent to close at N2.30 per unit, PZ Cusson trailed with a drop of 10 percent to close at N20.70 per unit, Wema Bank Plc dipped by 9.98 percent to close at N5.32 per share, BuaCement dipped by 9.86 percent to close at N83.15 per unit, Transcorp declined by 9.84 percent to close at N3.48 per shares.
The volume of trades declined by 98 million, representing 8.13 percent as investors traded 1.107 billion shares valued at N12.209 billion to 12194 deals against 1.205 billion shares valued at N14.039 billion exchanged hands the previous day in 12128 deals
Transactions on the shares of FCMB group led activity chart in the market with 180.750 million shares valued at N981.471 million, Sterling Bank followed with an account of 107.535 million shares cost N411.132 million, Transnational Corporation of Nigeria exchanged 105.870 million shares worth N381.006 million, United Bank for Africa traded 87.326 million shares cost N1.115 billion, AccessCorp traded 77.845 million shares cost N1.343 billion.
