The Nigerian equities market closed on a bearish note on Tuesday as widespread profit-taking and sell-offs in medium and large-capitalised stocks dragged down the overall performance of the bourse.
Consequently, the All-Share Index dipped by 874.00 points, representing a loss of 0.35 per cent to close at 246,686.66 points, while the total market capitalisation depreciated by N479bn to settle at N158.219tn.
This negative performance was heavily impacted by losses recorded in prominent equities, including PZ Cussons Nigeria Plc, Nigerian Exchange Group, FBN Holdings, Wema Bank and Zenith Bank Plc.
Market breadth remained decisively weak throughout the trading session, reflecting a dominant bearish sentiment with 37 decliners outperforming just 14 gainers.
On the losers’ chart, PZ Cussons Nigeria and CWG led the decline, shedding 10 per cent each to close at N88.20 and N21.60, respectively, followed closely by Associated Bus Company, which dropped 9.95 per cent to close at N6.88 per
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