From N23.866 trillion on Monday to N23.861 trillion on Tuesday, the market capitalisation of the Nigerian Exchange Ltd. (NGX) decreased merely by N5 billion or 0.02 percent.
A similar decline was seen in the All-Share Index (ASI), which dropped 9.86 points, or 0.02 percent, to close at 43,808.25 as opposed to the 43,818.12 recorded on Monday.
The market's poor performance was caused by sell-offs in both large and small stocks, particularly WAPCO.
The year-to-date (YTD) return consequently decreased to 2.56%.
A review of today's market activity revealed that trade turnover decreased, with the total value of transactions falling by 53.20 percent.
A total of 103.47 million shares valued at N1.19 billion were exchanged in 3,045 deals.
However, market breadth closed positive with 12 stocks on the gainers’ table, while 19 others were on the laggard’s log.
Computer Warehouse Group and Learn Africa Press topped the day’s gainers’ table with 10 per cent each to close at 88k N1.65 per share, respectively.
Caverton Offshore Support Group followed with a gain of 8.75 per cent to close at 39k, while Prestige Insurance grew by 8.33 per cent to close at 29k per share.
Also, JapaulGold and Venture appreciated by 7.41 cents to close at N1.25, per share.
On the flip side, WAPCO led the losers with a drop of 9.66 per cent to close at N20.10 per share while Royal Exchange shed 9.41 per cent to close at 77k per share.
Cornerstone Insurance shed 9.09 per cent to close at 44k kobo per share.
UPDC Real Estate Investment Trust dropped by 8.93 per cent to close at N2.55, while FTNCocoa Processors fell by 8.82 per cent to close at 31k, per share.
(NAN)