Nigerian stock market closed bearish on Tuesday. The NSE All Share-Index (ASI) depreciated by 0.22% to close at 28,422.76 basis points. Year-to-Date the All Share-Index was down by 9.57%.

The equity market capitalization closed at N10,678 trillion as against N10.701 trillion recorded the previous day. The market breadth closed with 20 gainers and 16 losers. Neimeth International Pharmaceuticals Plc led the gainers' chart while University Press Plc was the worst performed stock for the day.

Guaranty Trust Bank was the most traded stock by volume and value. The stock sold N33.1 million units valued at N1 billion. Zenith Bank sold 27 million units worth N537.8 million. Access Bank came through with 23 million units valued at N156 million. UBA transacted 19.4 million units worth N120.3 million. First Bank Plc completes the top five traded stock for the day. The company sold 8.9 million units of its shares worth N64.6 million.

Neimeth International Pharmaceuticals Plc was the best-performed stock for the day. The stock appreciated by 9.09% to close at 60 Kobo. Courtville Business Solutions Plc went up by 8.33% to close at 26 Kobo.

Thomas Wyatt Nigeria Plc increased by 8% to close at 27 Kobo. A.G Leventis Nigeria Plc appreciated by 7.69% to close at 28 Kobo. Japaul Oil Plc completes the top five gainers for the day. The stock gained 7.14% to close at 30 Kobo.

On the other side, University Press Plc was the worst performed stock for the day. The stock shed 9.73% to close at N1.67. Chams Plc and Royal Exchange Plc both declined by 8.33% to close at 33 Kobo and 22 Kobo respectively.

Goldlink Insurance Plc went down by 4.76% to close at 20 Kobo. Honeywell Flour Mills Plc rounds up the top five losers table. The stock depreciated by 4.35% to close at N1.10. 

Source: https://businesshournigeria.com/equity-capitaliz…remains-negative/