The Nigerian equities market on Tuesday further recorded a downtrend as the market capitalization percent dropped by N47 billion, marking its second successive decline.

The market capitalization closed at N25.514 trillion from N25.561 trillion recorded the previous day.

Similarly, the All-Share Index decreased by 87.81 points, representing a dip of 0.19 percent to close at 47,340.86 from 47,428.67 points recorded on Monday.

Market sentiment, as measured by market breadth, was negative, as 22 stocks declined, while 15 posted gains.

Veritas Kapital Assurance recorded the highest price gain of 4.76 percent to close at 22k per share. Chams followed with a gain of 4.55 percent to close at 23k per share.

Eternal Oil appreciated by 4.17 percent to close at N5.25 per share.

Unilever went up by 3.85 percent to close at N13.50 per share, while Royal Exchange Insurance appreciated by 3.67 percent to close at N1.13.

Also, Neimeth gained 2.94 percent to close at N1.75 per share and Lasaco appreciated by 2.86 percent to close at N1.08k.

Fidelity Bank added 2.80 percent to close at N2.93. Access Bank gained 2.44 percent to close at N10.50 while Sterling Bank also garnered 1.96 percent to close at N1.56 per share.

On the other hand, Cornerstone led the losers’ chart by 8.82 percent to close at 62k per share.

Multvers lost by 8.33 percent to close at 22k per share while Scoa inched down by 7.69 to close at N2.40 per share

Prestige Insurance followed with a decline of 6.12 percent to close at 46k per share.

FTNCocoa and Japaul Gold lost 5.71 percent each to close at 33k per share respectively.

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AIICO shed 4.41 percent to close at 65k per share, while Niger Insurance lost 4.35 percent to close at 22k per share. FCMB and Unity Bank depreciated by 4.17 per cent percent and four percent to close at N3.45 and 48k per share respectively.

The total volume of transactions was down by 85.69 percent at 183.26 million shares, worth N2.48 billion, traded in 3,779 deals.

Transactions in the shares of UBA Group topped the most volume with 23.41 million shares valued at N200.2 million in 279 deals.

Access Bank followed with 20.43 million shares worth N108.914 million in 158 deals, while First Bank of Nigeria Holdings (FBNH) traded 10.17 million shares valued at N104.44 million in 145 deals.

Zenith Bank traded 961,078 shares valued at N259.64 million in 304 deals. (NAN)