The negative run in the Nigerian Equities Market has persisted as market indices on Monday, November 21, took another fall, making it the sixth day in the Reds.
Market Capitalisation, which opened at N8.791 trillion lost 0.15 percent to close the day at N8.778 trillion, leaving investors with a staggering loss of N13.3 billion .
With very weak investors’ appetite reported on the bourse, market breadth closed negative with 13 gainers against 17 losers.
Dangote Sugar was the biggest loser dropping 4.94 percent to close at N6.16 per share. While Transcorp Hotels led the advancers’ chart with a 4.95 percent growth to close at N5.51 per share.
Transcorp was the most traded stock for the day with 19.9 million shares valued at N13.6 million. Skye Bank followed with 14.1 million shares worth N7.1 million, while Diamond Bank traded 10.1 million shares valued at N9.2 million. Also, FCMB traded for 9.1 million shares worth N9.4 million and UBA came fifth, exchanging 8.5 million shares for N36.3 million.
At the end of trading, total volume traded slumped by 32 percent to 112.4 million shares valued at N858.5 million in 2,532 deals, in contrast with 165.6 million units valued at N888.2 million exchanged in 2,279 deals last Friday.
