The recovery seen at the Nigerian Stock Market, on Thursday, November 10, came to an abrupt end on Friday November 11, as trading failed to rally.
Following the negative run, Market Capitalisation slid by N17.5 billion to close at N9.009 trillion in contrast to N16.5 billion gained in previous session to close at N9.026 trillion.
Market breadth closed negative with 18 gainers paired against 19 losers. Mobil Oil led the gainers’ table, growing by N14.99 to close at N190 per share. While 7UP topped the losers’ chart, dropping N7.54 to close at N143.32 per share.
Standard Insurance traded a total of 2.12 million shares valued at N1.07 billion and Zenith Bank sold 22.39 million shares worth N337.32 million. It was followed by Sterling Bank which accounted for 18.58 million shares worth N14.86 million and GT Bank sold 18.01 million shares valued at N394.82 million.
Investors exchanged 2.26 million shares worth N2.63 billion transacted in 3,346 deals. This was higher than a total of 137.6 million shares valued at N990.9 million exchanged on Thursday.
