After 13 days of gains in the stock market, investors on Tuesday, recorded 2024’s highest day loss.
Declines in Access Corporation, Sterling Financial Holding Company, and Caverton Offshore Support Group stocks, contributed to the loss.
The market declined by 1.50%, marking its second negative close in 2024.
At the Nigerian Exchange Limited (NGX), investors will at the moment be using their tongues to count their teeth.
This is because trading activities in the stock market declined on Tuesday by ₦856 billion.
Have You Read: NGX Market Cap, All-Share Index Appreciates
The NGX All-Share Index (ASI) and market capitalisation fell to 103,110.15 points and ₦56.425 trillion.
Gainers And Losers
Investor sentiment, as measured by market breadth closed negative, as seven stocks advanced, while 61 declined.
Access Corporation price share fell by 10% from ₦28 to ₦25.20. Sterling Financial Holding and Caverton Offshore Group also recorded significant declines.
UPDC recorded the highest price gain of 8.11% to close at ₦2.00, per share.
Geregu Power followed with a gain of 4.61% to close at ₦517.80, while Wema Bank rose by 1.21% to close at ₦10.90, per share.
In 14,579 deals, investors exchanged 648,953,318 shares worth ₦11.086 billion. Japaul Gold, Transcorp, Access Corporation, UBA, and Oando stocks were among the most traded.
