The local equity market on Tuesday closed on bearish run, declining by N256 billion as bears continued dominating the market.
This resulted in market capitalisation of listed equities declining by 0.16 per cent to N162.495 trillion from N162.751 trillion reported the previous day.
The NGX All Share Index also depreciated by 394.36 basis points to 250273.50 points from 250667.86 points traded on Monday.
The market breath was negative with 26 advancers against 34 decliner, bringing year to date return lower to 60.83 per cent.
An analysis of the investment showed that Tripple G led gainers table with 9.77 per cent to close at N2.81 per unit, Livestock Feeds followed with a gain of 9.74 er cent to close at N10.74 per unit. NPF Micro Finance Bank added 9.52 per cent to close at N4.60 per unit, Sovereign Trust Insurance gained 8.23 per cent to close at N2.50 per unit, Wapic Insurance added 7.69 per cent to close at N2.38 per share.
On the contrary, CMFC topped losers chart, dropping by 9.88 per cent to close at N3.65 per unit, ABC Transport trailed with a loss of 9.70 per cent to close at N3.65 per unit, CWG fell by 7.23 per cent to close at N19.25 per share, Zichis Agro Allied industries declined by 6.58 per cent to close at N17.02 per unit, Neimeth International pharmaceutical declined by 6.17 per cent to close at N7.60 per share.
Further analysis showed that Volume of trades declined by
