Equity Market Value Slides by N6billion

Stock Market Investors Lose N383bn In October
The Healthy performance at the Nigerian Stock Market that ran concurrently for more than three trading sessions, was on Monday, September 19 reversed as market indicators depreciating by 0.06 per cent.a

To this end, market capitalisation slid by N6billion to close at N9.56 trillion against N9.57 trillion achieved on Friday, September 16.

The day’s performance raised the Year to Date (YtD) losses to 2.79 percent, even as the day’s trading activities showed positive investors’ sentiment with market breadth closed with 27 gainers to 18 losers.

Access Bank drove the turnover volume, accounting for 84.09 million shares valued at N468.62 million. It was followed by FBN Holdings with a total of 54.15 million worth N166.40 million while UBA sold 38.54 million shares valued at N163.44 million.

Skye Bank traded 38.54 million shares worth N24.98 million and Zenith Bank transacted 21 million shares valued at N303.34 millions.

The volume of shares traded closed higher as a total of 328.203 million shares valued at N2.89 billion were transacted in 3,215 deals, despite the depreciation in equities. This was in contrast with the 228.93 million shares worth N2.12 billion traded in 3,617 deals on Friday.