The Nigerian Stock Exchange on Tuesday sustained its bearish trend as investors retreated from select equities, leading to a total market value loss of N322bn. The Index closed 568.62 points lower at 140,929.60, representing a decline of 0.4 per cent.
The dip also translated to a one-week loss of 0.44 per cent and a four-week loss of 0.36 per cent, although the year-to-date gain remained at 36.92 per cent.
A total of 759,058,546 shares were traded in 23,639 deals, corresponding to a market turnover of N25,723,122,412.45. Compared with the previous trading session, the volume of shares traded improved 55 per cent, while turnover rose 88 per cent. However, the number of deals declined 17 per cent, reflecting selective investor participation.