The Nigerian stock exchange slide down by N370bn in one session on Tuesday 13th, February proceeding on a free downfall to seven straight sessions.

The Nigerian Stock Exchange All-Share Index slid by 2.4 per cent to close at 41,708.15 from 42,737.89 premise focuses, while the year-to-date return contracted to 9.1 per cent.

Consequently, the NSE market capitalisation diminished to N14.967tn from N15.337tn.

As per market analysts, Dangote Cement Plc, Nigerian Breweries Plc and Nestle Nigeria Plc contributed significantly to the market fall, shedding 4.9 for each penny, 3.9 for every penny and 2.9 for every penny, separately.

Also, the activity level debilitated as the volume and value exchanged fell by 9.1 for every penny and 29 for every penny to 470.52 million units and N3.683bn, individually.

Achievement all over divisions was bearish as all indices recorded falls. The consumer products index was the greatest loser, around 2.8 for each penny following value decrease in Nigerian Breweries and Nestle Nigeria. The industrial goods and insurance indices took after, dropping by 1.6 for every penny and 1.5 for every penny, separately as marketers took benefit in Dangote Cement, AXA Mansard Insurance Plc and Continental Reinsurance Plc, which recorded individual fall of 4.9 for each penny, 2.7 for every penny and 4.3 for each penny.

The market broadness stayed level compared with Monday’s market achievement inferable from 15 stocks progressing against 40 stocks that plunged.