The Nigerian Alternate (NGX) recorded a adverse outing on Tuesday because the All-Share Index (ASI) declined by 0.40% to shut at 140,929.60 factors, whereas market capitalization dropped to ₦89.20 trillion, erasing roughly ₦326.2 billion in investor wealth.
Market Snapshot
Gainers’ Chart
Regardless of the bearish session, choose shares superior strongly. Thomas Wyatt Plc topped the chart with a 9.80% rise to ₦2.80, adopted by Chellaram (+9.59%) and R.T. Briscoe (+9.50%). Institutional curiosity additionally drove Custodian Funding Plc greater by 9.40% to ₦48.30, whereas NGX Group gained 6.99% to ₦58.95.
Losers’ Chart
The drag on the benchmark index got here primarily from heavyweights. Dangote Sugar Refinery Plc slumped 10.00% to ₦54.00, reflecting promote stress in client items. Wema Bank Plc misplaced 8.27%, whereas NSLTECH (–6.25%), FGSUK2027S3 (–6.25%), and Entry Holdings (–4.98%) additional deepened market weak spot.
Most Traded Shares
Turnover was dominated by mid- and large-cap names:
Consolidated Hallmark Plc led with 169.63m shares valued at ₦644.66m.
Zenith Bank Plc adopted intently with 104.43m models price ₦6.91bn, highlighting banking sector exercise.
First HoldCo Plc exchanged 100.99m models valued at ₦3.15bn, whereas GTCO and Fidelity Bank Plc contributed considerably with ₦4.12bn and ₦1.08bn respectively.
Mounted Earnings & ETFs
Bonds: Buying and selling was muted with no value adjustments throughout listed sovereign and company bonds.
ETFs: Exercise was stronger, led by Stanbic IBTC ETF 30, which gained 6.5% to ₦426.00, whereas VSPBONDETF rose modestly by 0.96% to ₦211.00. Different ETFs have been flat.
Market Outlook
The second consecutive decline displays profit-taking in client items and banking shares, alongside weak investor sentiment following Monday’s adverse shut. Nevertheless, resilience in insurance coverage and industrial-linked shares factors to selective shopping for.
Until bargain-hunting emerges midweek, the short-term bias stays bearish, with additional stress anticipated on large-cap client and banking counters.
