Investors Trade N1.9billion Shares As Bear Momentum Soars

The stock market on Wednesday, February 17, was hit by mix performances as the volume of trading leaped, while the value of trading plunged.

Investors traded 335.61 million shares valued at N1.95 billion in 2,847 deals, compared 290.944 million shares worth N2.88 billion exchanged in 2,934 deals the previous day.

The bearish trained sustained momentum as the market saw 27 price losers and only 13 gainers.

At the close trading, the NSE Industrial Index and NSE Consumer Goods Index shed 2.3 per cent and 1.8 per cent respectively. The NSE Banking Index also closed 0.9 per cent lower. However, the NSE Oil & Gas Index and the NSE Insurance Index appreciated by 0.7 per cent and 0.1 per cent respectively.