The volume of shares traded on the Nigerian Stock Exchange, NSE,in the month of July slid by 36.13 per cent, the News Agency of Nigeria, NAN, reports.
According to statistics obtained from the bourse, investors during the period traded 4.93 billion shares worth N45.09 billion transacted in 73,083 deals. The statistics was lower than 7.72 billion shares valued at N77.92 billion achieved in 100,534 deals in June.
A further breakdown of the statistics indicated that the Financial Service sector recorded the highest volume of activities, trading 3.08 billion shares worth N16.27 billion transacted in 32,847 deals.
Premium Board Sector came second with a total of 1.01 billion shares valued at N11.68 billion achieved in 12, 614 deals.
Conglomerates industry trailed with 273.72 million shares worth N745.36 million transacted in 3,388 deals, while Consumer Goods sector sold 210.89 million shares valued at N10.14 billion in 11,819 deals.
NAN reports that the market capitalisation during the review period dropped by N546 billion or 5.37 per cent to close at N9.619 trillion, against N10.165 trillion achieved in June.
Also, the NSE All-Share Index lost 1,587.86 points or 5 .36 per cent to close at 28,009.93 from 29,597.79 recorded in June due to sell pressure.
Skye Bank emerged as the worst performing stock during the period under review dropping by 32.79 per cent to close at 70k per share against the month opening price of N1.04.
It was followed by Diamond Bank which lost 29.33 per cent to close at N1.59 per share in contrast with N2.25 it closed for the month of June.
On the other, MRS emerged the best performing stock in the period, appreciating by 11.73 per cent to close at N38.78 per share compared with N34.71 it opened for the month.
Conoil Oil garnered 9.18 per cent to close at N25.22 against N23.10 per share it opened trading for the month of June.
