Nigerian stock market losses 0.17% (N64.12 billion) on Tuesday

The Nigerian stock market All-Share Index (ASI) declined by 0.17% to close at 66,984.62 points. As a result, the year-to-date (YTD) return for the ASI dropped to 30.70% while the market capitalization decreased by N64.12 billion to close at N36.80 trillion.

The selloffs in Tier-1 Banking Names, including ZENITHBANK (-0.47%), GTCO (-0.70%), and ACCESSCORP (-1.25%), were the main causes of the market’s poor performance. Twenty (20) other competitors trailed PRESCO (-9.54%) on the laggard’s log, while CHAMS (+9.38%) outperformed seven (7) others on the leader’s table.

Trade turnover settled higher than it had the previous session. In a total of 6,498 transactions, 257.42 million shares worth N7.80 billion were swapped. With 53.37 million units traded, FIDELITYBK (+0.00%) topped the volume charts, while SEPLAT (+0.00%) topped the value charts with deals totaling 3.85 billion.