Trading on the floor of the Nigerian Exchange Limited closed on a bearish note on Tuesday, as profit-taking activities weighed on key market indicators and dragged the benchmark All-Share Index lower by 222.61 points to settle at 247,513.63 basis points compared to the 247,736.24 basis points recorded on Monday.
Market capitalisation similarly retreated during the session, declining to N160.71tn from N160.85tn in the previous trading day. Across the entire market spectrum, investors staked funds on 394.16m shares valued across 38,660 deals. Meanwhile, the Central Bank of Nigeria monetary policy rate remained anchored at 23 per cent.
In the financial services industry, banking equities saw active participation, with United Bank for Africa Plc recording an exchange of 22.75m shares at a price of N42.95 per share, representing a 0.12 per cent appreciation. Zenith Bank Plc traded 16.67m shares, closing lower at N128.00 per share after shedding 0.78 per cent.
Access Holdings Plc attracted heavy investor interest with 57.02m shares traded at N28.00 per share, down 0.88 per cent, while First Holdco Plc traded 14.29m shares at N136.85 per share, declining 2.25 per cent.
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