As investors dumped food and beverage stocks led by Nestle and Nigerian Breweries, and partial profit-booking weighed on Nigerian stocks, they declined by 0.09% on Tuesday, the worst performance since the year started.
While market capitalization dipped to N23.6 trillion, the all-share index fell 37.83 points to 43,859.30 index points. This represents a 2.7% increase since January 1.
BUA Foods, which rose for the sixth time in a row, blunted the underwhelming performance of the broader index by increasing its share price despite losses at NGX Group and UBA.
There were 26 losers compared to 17 gainers in the market breadth, an indication of investor sentiment towards trade.
Top 5 gainers
BUA FGoods led the gainers, appreciating by 10% to close at N64.35. Eterna went up 5.09% to N5.57. Union Bank closed at N5.65, adding 4.63%.
Wema added 3.57% to end the trade at N0.87. Oando completed the top 5, climbing by 2.83% to N4.73.
Top 5 losers
Among laggards, Mutual Benefits fell 10 % to close at N0.27. Berger Paints fell 9.94% to close at N7.70.
UPDC REIT shed 8.14% to close at N3.95. Nestle fell to N1,435, losing 7.81%. Unity Bank closed at N0.46, going down by 6.12%.