Nigeria’s stock market on Tuesday experienced a bearish performance as investors lost N285, or 0.43 percent.
The Nigerian Exchange Limited, the market capitalisation, fell by N285 billion, or 0.43 percent, to N66.484 trillion from N66.769 trillion recorded on Monday.
Also, the All-Share Index dropped by 0.43 percent, or 454 points, to close at 106,167.75 against 106,621.91 posted the previous day.
The market breadth closed negative with 31 losers and 23 gainers.
On the losers’ table, Mecure Industries declined by 10 percent, to close at N11.25, while ABC Transport lost by 7.98 percent, to close at N1.50 per share.
Daar Communications fell by 7.46 percent, to close at 62k, and Guinea Insurance declined by 7.35 percent, to close at 63k per share.
Also, Royal Exchange lost by 7.32 percent, to close at 75k per share.
On the flipside, the gainers chart, Livestock Feeds, soared by 9.93 percent to close at N9.85, while Cornerstone Insurance gained by 9.25 percent to close at N3.19 per share.
International Energy Insurance increased by 8.99 percent, to close at N1.94 per share, while Smart Products Nigeria gained by 8.33 percent, to close at 39k.
Also, Lasaco Assurance soared by 7.55 percent to close at N2.85 per share.
A total of 324.59 million shares worth N7.918 billion were exchanged across 12,652 transactions, compared to 364.97 million shares worth N17.628 billion exchanged across 14,565 transactions recorded earlier.
Transactions in the shares of Fidelity Bank topped the activity chart with 29.387 million shares valued at N502 million.
Access Corporation followed with 28.345 million shares worth N680 million, while Guaranty Trust Holding Company transacted 28 million shares valued at N1.688 billion.
Zenith Bank traded 22.359 shares worth N1.067 billion, while Universal Insurance transacted 16.194 million shares valued at N9.724 million.
US stock downturns amid Trump’s tariff war
This comes as the United States of America stock market recorded losses on Tuesday upon President Donald Trump’s tariff war escalation with Canada.
Three major US indexes dropped on Tuesday.
The Dow closed lower by 478 points, or 1.14 percent, after tumbling more than 700 points earlier. The broader S&P 500 fell 0.76 percent, and the Nasdaq Composite fell 0.18 percent.
Reacting, Trump said, “Markets are going to go up and they’re going to go down but, you know what, we have to rebuild our country,” he told reporters at the White House on Tuesday.
