Investors on the Nigerian Exchange (NGX) lost N1.17 trillion on Tuesday as the equities market ended a four-day advance. Total market capitalisation declined 0.73 per cent, falling from N160.421 trillion to N159.255 trillion, while the All-Share Index dropped 1,806.18 points to 246,723.57. The market’s year-to-date gain therefore eased to 58.55 per cent, although breadth remained positive, with 28 stocks advancing and 27 declining. Thomas Wyatt Nigeria was the worst performer, falling 9.97 per cent to N2.89. AVA Capital declined 9.60 per cent to N8.95, International Energy Insurance lost 6.32 per cent to close at N4, and International Breweries decreased 5.98 per cent to N11. UPDCREIT topped the gainers, adding 10 per cent to N14.85, followed by FTN Cocoa Processors, which rose 9.88 per cent to N8.90. C&I Leasing advanced 8.26 per cent to N5.90, Sovereign Trust Insurance climbed 6.74 per cent to N1.90, and Regency Alliance Insurance increased 6.33 per cent to 84 kobo. Market activity also intensified, with 3.909 billion shares worth N32.38 billion changing hands across 45,608 transactions, compared with 1.137 billion shares valued at N27.02 billion in 59,185 deals on Monday. Fortis Global Insurance was the most actively traded stock, recording 3.29 billion shares valued at N9.58 billion—equivalent to 84.22 per cent of total volume and 29.57 per cent of traded value.
