Domestic equities shed N91bn

The domestic equity market on Tuesday sustained a declining profile, shedding N91 billion.

Market capitalization of listed equities declined by 0.09 per cent to N98.607 trillion from N98.698 trillion reported the previous day.

The NGX All Share Index also depreciated by 142.95 basis points to 155353.20 points from 155496.15 points recorded the previous day.

Volume of trades increased by 22.445 million representing 4.46 per cent as investors traded 525.448 million shares against 503.003 million units,   value of transactions also went up by 1.81 per cent to settle at N25.395 billion in 32430 deals.

The market breadth was negative with 27 gainers against 36 decliners bringing year to date return to 50.94 per cent.

An analysis of the investment for the day showed that Sovereign Trust Insurance led gainers table with 9.88 per cent to close at N4.45 per unit, Aso Savings followed with a gain of 9.72 per cent to close at N0.79 per unit, Berger Paint up by 9.25 per cent to close at N3.60 per share, Wapic grew by 6.90 per cent to N3.10 per unit, AIICO Insurance added 6.13 per cent to close at N3.98 per share.

On the contrary Mcnichols topped losers chart, dropping by 8.81 per cent to close at N3.00 per unit, Lasaco Insurance trailed with a loss of 8.62 per cent to close at N2.65 per unit, Livestock Feeds down by 7.69 per cent to close at N7.20 per share, JohnHolt fell by 7.69 per cent to close at N6.00 per share, Ikeja Hotel declined 7.32 per cent to close at N19.00 per unit.

Transactions in the shares of Sovereign Trust Insurance led market activities with 42.645 million shares valued at N187.291 million, Fidelity Bank followed with account of 41.965 million shares worth N797.229 million, FirstHoldco traded 37.729 million shares cost N1.188 billion, Zenith Bank exchanged 28.141 million shares valued at N1.800 billion, Stanbic IBTC exchanged 27.509 million shares cost N302.638 million.