Bears sustain hold as index slips further by 0.36%

The Nigerian Stock Exchange (NSE) sustained the bearish hold at the end of yesterday’s transactions, occasioned by price depreciation in most banking stocks, causing the All-Share Index (ASI) to retreat further by 0.36 per cent.
Specifically, at the close of transactions Tuesday, the ASI fell by 86.01 absolute points or 0.36 per cent to close at 24,114.59 points. Similarly, the market capitalisation shed N44 billion to close at N12.580 trillion.
The downturn was impacted by losses recorded in large and medium value stocks, including; Guaranty Trust Bank, Zenith Bank, GlaxoSmithKline Consumer Nigeria, Access Bank, and Africa Prudential.