The equities market, after a day of bullish sessions, reversed its bullish trend on Tuesday, recording a loss of N1.33 trillion due to sell-offs. this\n<\/p>\n
Sell-offs in major stocks like Dangote Cement, RT Briscoe, Royal Exchange, Jaiz Bank, WAPIC Insurance, and 34 other stocks drove the market into negative territory.\n<\/p>\n
The market capitalisation of listed equities dropped by N1.33 trillion, or 1.46 per cent, from N91.561 trillion to close at N90.227 trillion.\n<\/p>\n
Similarly, the All-Share Index declined by 1.46 per cent, shedding 2,109 points to close at 142,613.47 compared to the previous day\u2019s 144,722.47.<\/p>\n
Also, the market breadth closed negative with 39 losers and 26 gainers.\n<\/p>\n
Royal Exchange led the losers\u2019 chart by 10 per cent, settling at N2.52, while Dangote Cement dropped by 9.88 per cent, finishing at N520 per share.\n<\/p>\n
RT Briscoe fell by 9.87 per cent, settling at N3.56, and Jaiz Bank dipped by 9.81 per cent, ending the session at N4.32 per share.<\/p>\n
Similarly, WAPIC Insurance shed 9.77 per cent, closing at N3.60 per share.\n<\/p>\n
On the gainers\u2019 chart, Nigerian Enamelware increased by 9.95 per cent, settling at N35.90, while DAAR Communications soared by 9.82 per cent, ending the session at N1.23 per share. <\/p>\n
Deep Capital Management and Trust climbed by 9.60 per cent, finishing at N1.94, and Academy Press rose by 8.43 per cent, closing at N9 per share.\n<\/p>\n
Also, International Breweries gained by 6.95 per cent, settling at N13.85 per share.\n<\/p>\n
Meanwhile, the day\u2019s data revealed a decline in volume and transactions with an improvement in turnover, as 1.03 billion shares valued at N17.66 billion were traded across 34,352 transactions.\n<\/p>\n
This is compared to the 1.15 billion shares valued at N16.17 billion that were exchanged across 38,160 transactions earlier on Monday.\n<\/p>\n
Transactions in the shares of Universal Insurance topped the activity chart with 130.22 million shares valued at N173.67.<\/p>\n
AIICO Insurance followed with 100.11 million shares worth N437.56 million, while Mutual Benefits Assurance transacted 68.52 million shares valued at N310.65 million.\n<\/p>\n
Prestige Assurance sold 66.87 million shares worth N135.4 million, and Regalins traded 46.14 million shares valued at N69.26 million.\n<\/p>\n
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