nigeria stock market news
The Nigeria Stock Exchange in Lagos

Business activities on the floor of the Nigeria stock market fell further on Tuesday as investors lost N4.8bn, Concise News reports.

This online news medium understands that the market slumped from N10.954tn on Monday to N10.948tn on Tuesday with the year-to-date loss standing at -7.3 per cent.

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Also, the All-Share Index dropped by 0.04 per cent to end at 29,149.46 basis points.

The volume and value of traded shares fell by 17.7 per cent and 41.8 per cent to 374.026 million units and N3.057bn in that order.

The top traded stocks by volume were Sterling Bank Plc (119.7 million units), Chams Plc (50.3 million units) and FBN Holdings Plc (44.6 million units).

For the top traded stocks by value, these companies led: Guaranty Trust Bank Plc (N788m), Zenith Bank Plc (N471.3m) and FBN Holdings Plc (N323.1m).

The top five losers for the day were NEM Insurance, Ecobank, Livestock Feeds Plc, Niger Insurance Plc and Nascon Allied Industries.

Their respective share prices shed 9.87 per cent, 6.67 per cent, 5.66 per cent, 4.76 per cent and 4.75 per cent in that order.