The stock market closed at 55.545 trillion, down 171 billion or 0.31 percent, from an opening of 55.716 trillion.
The All Share Index also closed at 97,830.65, down 0.31 percent or 302 points from Monday’s 98,132.15.
As a result, the year-to-date (YTD) return has declined to 30.84 percent.
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The weakness in the market was mainly due to selling pressure in stocks such as Zenith Bank. Guaranty Trust Holding Company (GTCO), Access Corporation, FBN Holdings, Dangote Sugar and Transnational Corporation, among others.
The market closed negative with 31 losers and 19 gainers. On the list of losers, United Capital led the other 30, losing 9.92 percent to end at N34.05 per share, while ABC Transport led the remaining 18, up 10 percent to close at N77,000 per share.
As market activity came to a halt, traded goods decreased from the previous quarter, with the value of goods decreasing by 8.11 percent. , shares worth N8 billion worth 399.39 million were traded in 10,447 deals, compared to 379.13 million shares worth N8.71 billion traded in 10,096 deals recorded in the previous meeting.
Meanwhile, Zenith Bank topped the volume and value chart with 44.24 million shares worth N1.51 billion. (NAN)
