Nigeria’s stock market extended its downward trend on Tuesday, slipping by 0.12 per cent as intensified sell pressure weighed heavily on several mid- and small-cap stocks.
The session reflected cautious investor sentiment, with broader economic uncertainties driving weakened risk appetite across multiple sectors.
Market capitalisation dropped by N110 billion, falling from N92.328 trillion to N92.218 trillion at the close of trading. Similarly, the All-Share Index shed 173.26 points to finish at 144,986.51, deepening the market’s negative year-to-date return to 40.86 per cent.
Market breadth remained negative, with 28 losers outpacing 27 gainers, underscoring the dominance of sellers throughout the session.
Top Losers:
Livingtrust Mortgage Bank declined 9.90% to N3.73 amid sustained profit-taking.
McNicholas slid 9% to N2.73 following reduced demand.
Livestock Feeds dropped 7.75% to N6.55.
Regency Alliance Insurance lost 6.56% to N1.14 as recent rallies tapered off.
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UPDC fell 6.14% to N5.96, reflecting broader weakness in the real estate segment.
Top Gainers:
NCR Nigeria topped the gainers’ chart, rising 9.95% to N30.95 on renewed interest in tech-driven equities.
University Press gained 9.80% to N5.60 on stronger sentiment for education-related stocks.
Tantalizer advanced 9.79% to N2.58, extending its momentum from the previous session.
Caverton Offshore Support Group rose 9.57% to N5.15.
Union Dicon Salt appreciated 9.52% to N6.90 as demand strengthened in consumer goods equities.
Market activity also weakened, with declines in volume, turnover, and total deals compared to the previous session. Investors exchanged 381.23 million shares worth N16.7 billion in 21,827 deals, lower than Monday’s 388.2 million shares valued at N31.14 billion traded in 28,492 deals.
For the second day running, Tantalizer dominated the volume chart with 58.78 million shares, while Aradel led the value chart with transactions totaling N9.50 billion, maintaining its strong pull among energy-focused investors.
