L–R: Chioma Dennis; Precious Okoro; Ginikachukwu Okereke; Olumide Bolumole, Divisional Head, Listing Business, The Nigerian Stock Exchange (NSE); Mr. Oscar N. Onyema, OON, Chief Executive Officer, NSE; Joseph Ugwu; Jennifer Alphonsus; Ugochi Obi, Head, X-Academy, NSE and Damilola Ibikunle during the Closing Gong Ceremony in commemoration of the successful conclusion of the Graduate Trainee Programme (GTP) Cycle 4 at the Exchange Tuesday.


The Nigerian equity market returned to bearish mood on Tuesday as companies continued to churn out unimpressive half year financial result.

The All Share Index shed 0.46 per cent to close at 27,820.57 basis points, while the market capitalization lost N63.25 billion, representing 0.46 per cent decline to close at N13.56 trillion, due to losses by consumer goods, banking and oil& gas sectors.

Mutual Benefits Assurance gained 10 per cent to close at N0.22 to emerge the highest gainer among 10 other advancers, while Japaul Oil lost 8.70 per cent to close at N0.21 to emerge the top loser in the 20 losers list.

Investors traded a total of 155.21 million equities valued at N2.23 billion in 3,192 deals.

GTBank emerged the most active stock on Tuesday with 22.2 million of its shares  valued at N640 million  traded in 166 deals.

The exchange has so far lost 11.49 per cent this year.

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