Bearish sentiments persisted on the Nigerian Exchange on Tuesday, causing investors to lose about N91 billion in market value.
FCMB launched a ₦160 billion public share offer to meet CBN’s new ₦500 billion capital requirement for international banks.
Meanwhile, investors traded 8.403 billion shares worth N115.501 billion in 115,801 transactions this week.
The financial services industry led the activity chart with 6.399 billion shares valued at N71.807 billion traded in 54,799 transactions.
Specifically, the market capitalisation closed at N89.198 trillion compared to the opening value of N89.524 trillion.
In spite of the decline, market breadth closed positive with 32 gainers compared to 21 losers.
Data from the NGX said that, conversely, investors transacted 763.5 million shares worth N2.3 billion last week.
The NGX All-Share Index rose by 0.90 per cent to close at 109,710.37 points.
The NGX All-Share Index and market capitalisation appreciated by 2.54 per cent to close the week at 108,733.40 and N68.339 trillion, respectively.
This is in contrast to the 1.525 billion shares valued at N43.006 billion that exchanged hands last week in 51,156 deals.
