Home Sectors BUSINESS & ECONOMY Stock Market Mid-week Trading Plummets by N68billion

Stock Market Mid-week Trading Plummets by N68billion

Equities value on the of the Nigerian Stock Market plunged further by N68 billion at the end of mid-week trading.

At the close of trading on Wednesday, February 24, market capitalization decreased from N8.285 trillion to N8.217 trillion.

Market turnover closes positive as volume moved up by 33.60 per cent against 94.16per cent decline recorded in the previous session. FCMB Plc, Zenith Bank Plc and Fidelity Bank Plc were the most active to boost market turnover. Zenith Bank Plc topped market value list.

Japaul Oil Plc leads the list of active stocks that recorded impressive volume at the end of the trading session.

However, market breadth closed negative as Mobil Oil Plc led 13 gainers against 24 losers topped by FCMB Plc at the end of the trading which was an unimproved performance when compared with previous outlook.

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