Nigeria’s equities market sustained on a negative outing Tuesday as lead indicators depreciated 0.64 per cent. The Nigerian Stock Exchange (NSE) All Share Index further depreciated by 186.92 points to close at 28,981.12 points against 7.31 points lost previously to close at 29,168.04 points.
Market capitalization also fell by N64.255 billion to close at N9.963 trillion against the previous decline of N2.5 billion to close at N10.027 trillion.
Price movement on the Equity board showed that Unilever Plc led 18 gainers with a 10.24 per cent or N3.38 gain to close at N36.38 per share, followed by Skye Bank Plc which added 4.74 per cent or 9 kobo to close at N1.99 per share, while Eterna Plc increased 4.73 per cent or 8 kobo to close at N1.77 per share.
Honeywell Flour Plc appreciated 4.58 per cent or 11 kobo to close at N2.51 per share, while Wema Bank Plc grew 4.21 per cent or 4 kobo to close at 99 kobo per share.
Conversely, Caverton Plc led 25 equity losers for the second consecutive day with a loss of 4.94 per cent or 13 kobo to close at N2.50 per share, followed by Neimeth International Pharmaceuticals Plc which lost 4.85 per cent or 5 kobo to close at 98 kobo per share, while Nigerian Aviation Holdings Company Plc dropped 4.79 per cent or 21 kobo to close at N4.17 per share.
Diamond Bank Plc declined 4.53 per cent or 13 kobo to close at N2.74 while Learn Africa Plc decreased 4.41 per cent or 3 kobo to close at 65 kobo per share.
In all, a total of 317.41 million shares worth N1.808 billion were exchanged by investors in 3,721 deals compared with 1.13 billion shares worth N14.68 billion exchanged in 2,713 deals yesterday.
By Pita Ochai