The Nigerian equities market on Tuesday recorded a decline, shedding N311 billion as investors took profits in medium and large-cap stocks following four consecutive sessions of gains.
Market capitalisation fell by 0.33 per cent, closing at N93.658 trillion from Monday’s N93.969 trillion.
Similarly, the All-Share Index lost 487.66 points, or 0.33 per cent, to settle at 146,940.29.
The year-to-date return eased to 42.76 per cent as market breadth closed negative, with 34 stocks declining against 21 gainers.
Eterna and Austinlaz topped the losers’ chart with 10 per cent declines, closing at N31.95 and N2.07, respectively.
Transcorp Hotel fell 9.95 per cent to N155.60 per share, Ikeja Hotel dropped 9.65 per cent to N28.10, and UACN shed 9.09 per cent, ending at N88 per share.
Learn Africa led the gainers with a 9.57 per cent rise to N6.30. Mecure followed with an 8.72 per cent gain to N32.40, while Deap Capital Management grew 7.50 per cent to N1.72 per share.
International Energy Insurance gained 6.52 per cent to N2.45, and RT Briscoe rose 5.96 per cent to N3.20 per share.
Etranzact recorded the highest trading volume and value, exchanging 1.03 billion shares worth N7.50 billion.
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