Specifically, market capitalisation of listed equities, which opened the week at N13.483 trillion depreciated by N125 billion to close at N13.358 trillion, while the All-share index, which measures the performance of quoted companies slumped by 257.25 points or 0.9 per cent to 27,412.13 from 27,669.38 at which it reopened for trading on Monday.
Analysts at Afrinvest Limited, said: “We still maintain our bearish outlook for the rest of the week in the absence of any major catalyst. However, we see opportunities for bargain hunting in stocks with sound fundamentals.” Honeywell Flour Mills rose 5.26 per cent to close at N1.00, and Eterna 1.85 per cent to close at N2.75, per share. On the other hand, Red Star Express led the losers’ chart with 9.85 per cent to close at N4.76 per share.