Transactions at the Nigerian Stock Exchange, NSE, on Wednesday, November 16, maintained a downward trajectory as lead market indices took a plunge.
The All-Share Index slid by 203.92 points or 0.79 per cent to close at 25,653.14 compared to 25,857.06 achieved on Tuesday. Similarly, the market capitalisation, which opened at N8.901 trillion lost N71 billion or 0.79 per cent to close at N8.830 trillion.
Following the negative run, market breadth remained negative with Nestle leading the losers’ pack dropping N14.77 to close at N800 per share. 7UP trailed closely with a loss of N13.96 to close at N127.36 and Forte Oil shed N6.98 to close at N87.02 per share.
Flour Mills dropped 94k to close at N17.94, while GlaxoSmithKline declined by 75k to close at N14.26 per share.
Conversely, International Breweries led the advancers’ table with a growth of 89k to close at N19.89 per share. Ecobank Transnational Incorporated followed with a gain of 19k to close at N9.71 and Union Bank of Nigeria garnered 14k to close at N4.30 per share.
Lafarge Africa appreciated by 10k to close at N44.10 and Fidson Health Care increased by 6k to close at N1.29 per share.
Zenith Bank caught the eye of investors in terms of volume, trading 19.32 million shares worth N272.10 million. It was followed by Access Bank, having accounted for 16.89 million shares valued at N91.29 million and United Bank for Africa traded 12.63 million shares worth N53.81 million.
Eterna Oil sold 12.50 million shares valued at N38.28 million, while Wema Bank exchanged 10.00 million shares worth N5.90 million.
At the end of the market session, investors traded N1.35 billion on 145.74 million shares exchanged in 2,421 deals, in contrast with a turnover of 189.73 million shares valued at N905.10 million achieved in 2,417 deals in the previous session.
