The Nigerian Exchange (NGX) Limited further weakened by 0.35 per cent on Tuesday due to persistent selling pressure across the key sectors of the bourse.
During the session, the banking index shed 1.63 per cent, the consumer goods space lost 0.50 per cent, the insurance counter declined by 0.44 per cent, and the energy segment slipped by 0.04 per cent, while the industrial goods sector was flat.
Consequently, the All-Share Index (ASI) decreased by 874.00 points to 246,686.66 points from 247,560.66 points, and the market capitalisation went down by N479 billion to N158.219 trillion from N158.698 trillion.
Like the preceding day, investor sentiment was bearish after Customs Street ended with 18 price gainers and 35 price losers, representing a negative market breadth index.
PZ Cussons lost 10.00 per cent to trade at N88.20, CWG also shrank by 10.00 per cent to N21.60, ABC Transport crashed by 9.95 per cent to N6.88, Wema Bank slumped by 9.09 per cent to N30.00, and Sovereign Trust Insurance crumbled by 8.16 per cent to N2.70.
On the flip side, CWG gained 9.86 per cent to finish at N5.46, Trans-Nationwide Express chalked up 7.14 per cent to trade at N5.10, Neimeth appreciated by 6.80 per cent to N11.00, LivingTrust Mortgage Bank rose by 5.00 per cent to N4.20, and Abbey Mortgage Bank improved by 4.44 per cent to N7.05.
A look at the activity log showed that Access Holdings led with 113.1 million shares worth N2.7 billion, Zenith Bank transacted 38.1 million equities valued at N4.8 billion, Consolidated Hallmark exchanged 35.4 million stocks for N243.4 million, Neimeth sold 28.8 million shares worth N298.8 million, and Sterling Holdings traded 28.2 million equities valued at N220.1 million.
At the close of transactions, market participants bought and sold 718.8 million stocks for N29.3 billion in 71,683 deals compared with the 1.1 billion stocks worth N44.3 billion transacted in 91,880 deals a day earlier. This indicated that the trading volume, value, and number of deals depreciated by 34.66 per cent, 33.86 per cent, and 21.98 per cent, respectively.