The negative run that rocked the Nigerian Stock Market for five consecutive days, continued for the sixth day on Wednesday, November 9, as market value dipped further.
Market Capitalisation slipped to N9.01 trillion following a loss of N65.6 billion recorded on Wednesday, as the All Share Index shed 190.58 points to close at 26,173.69 points.
The negative run was worsened by value depreciation recorded in high capitalised stocks, such as, Guaranty Trust Bank and Nigerian Breweries Plc.
Also market breadth closed negative, with 11 gainers against 27 losers, with PZ Cussons Plc topping the losers’ chart by 8.39 percent, to close at N16.49 per share.While CAP Plc recorded the highest gain of 4.06 percent each to close at N35.40.
Transactions in the shares of Chams Plc again, topped the activity chart with 40.1 million shares valued at N20.1 million. Guaranty Trust Bank Plc followed with 18.3 million shares worth N378.7 million, while UBA Plc traded 14.1 million shares valued at N59.6 million.
FBN Holdings Plc with the trade of 13.9 million shares worth N42.3 million bagged the fourth position on the activity chart, while Access Bank Plc came fifth having sold 7.5 million shares valued N39.1 million.
At the end of trading on Wednesday, total volume traded, dropped by 23 percent to 146.1 million units valued at N1.04 billion transacted in 3,039 deals in contrast to 189.01 million units valued at N1.6 billion and transacted in 3,434 deals on Tuesday.
