Nigerian equity market extend downturn, loses 0.56%

Bearish trend at the Nigerian Equity market entered its six consecutive trading sessions on Tuesday, on the back of losses by large and medium capitalized stocks.

The All Share Index (ASI) shed 158.08 absolute points, representing a decline of 0.56 per cent to close at 28,042.80 points.

Also, the Market Capitalization lost N77.05 billion, representing a dip of 0.56 per cent to closed at N13.67 trillion.

All sectors on the exchange ended in the red, but the insurance sector had the heaviest hit, losing 1.54 per cent.

AGLEVENT added 10 per cent to emerge the top gainer of the eight equities that advanced, while JBERGER shed 9.77 per cent top the 26 losers’ list.

Investors transacted 243,717,849 shares valued at N3.89 billion in 3,449 with GTBank emerging the most active with 77,510,081 of its shares worth N2.27 billion traded.

The bourse has so far lost -10.78 per cent this year.