Nigerian bourse loses N125bn to profit taking on Tuesday

The Nigerian bourse recorded a massive value erosion of N125 billion on Tuesday due to profit taking by investors even as the Exchange’s All-Share Index (NSE ASI) and the Market Capitalization decreased by 0.96 per cent, while the Year-to-Date return stood at 37.50 per cent.

The All-Share Index closed at 36,953.41 against the previous close of 37,312.28 while Market Capitalization closed at ₦12.789 trillion against previous close of ₦12.914 trillion.

Volume traded decreased by 29.13 per cent from 336.335 million to 238.364 million, while the total value of stock traded decreased by 88.62 per cent from ₦30.023 billion to ₦3.417 billion in 4,238 deals.

The Financial Services sector led the activity chart with 183.922 million shares exchanged for ₦1.951 billion. Consumer Goods came next with 14.607 million shares traded for ₦0.624 billion, Conglomerates, Healthcare, Services sectors followed in that order on the activity chart.

FBNH, Diamondbnk, Stanbic, Transcorp and Zenithbank were the most active stocks by volume. Vitafoam, Nahco, Medviewair, Nem and Aglevent emerged the highest price gainers on the chart, while Caverton, Cileasing, Unilever, Learnafrca and Eterna topped the losers chart.