By G9ija

Banking stocks were the most preferred stocks Tuesday as the Nigerian bourse closed on a bearish note for the second consecutive day this week.

The All Share Index (ASI) slid by 0.17% to 26,944.32 basis points while the Exchange’s market capitalisation dipped to N13.005 trillion as the stranglehold of profit-taking efforts held the market tighter. Year to date, the index is down by 14.27%.

Okomu Oil came top in the league of advancers, appreciating by 9.67% to close at N54.55. Flour Mills added 4.11% to close at N19. Unilever ended the day at N18.45, gaining 4.24% as it did. Etranzact surged to N2.61, a 9.66% appreciation as a matter of fact. Zenith Bank completed the pack, rising by 1.08% to N18.8.

Brewing giant, Guinness Nigeria was the worst performer of the day, plunging by 6.45% to N29. Stanbic climbed down by 3.5% to close Tuesday’s trade at N36.8. MTNN shed 0.83%, thus ending the day at N119. CAP Plc dipped to N24, losing 1.23% in the process. WAPCO closed at N13.85 after losing N1.07.

189.007 shares worth N2.883 billion were traded today in 3,314 deals. Access Bank led the activity chart with 35.407 million shares estimated at N324.549 million traded in 356 transactions. GTB traded 34.611 million shares valued at N1.048 billion in 270 deals. 18.367 million shares of Zenith Bank worth N342.411 million exchanged hands in 393 deals. UBA recorded trade worth N111.797 million on 15.910 million shares in 171 deals. Fidelity Bank came fifth on the activity chart, trading 7.805 million shares priced at N15.693 million in 81 transactions.

Transcorp Hotels Plc today notified the Exchange of the appointment of a new Chief Financial Officer (CFO) in the person of Mrs Oluwatobiloba Ojediran.

The appointment, taking effect from 14th December 2019, will see Mrs Ojediran replace Mr Adekunle Elumaro.