The Nigerian Stock Market, on Wednesday, November 16, remained stuck in the South as major blue chip stocks record heavy price losses.
To this end, the market capitalisation, which opened at N8.901 trillion lost N71 billion or 0.79 per cent to close at N8.830 trillion. Likewise, the All-Share Index shed 203.92 points or 0.79 per cent to close at 25,653.14 compared to 25,857.06 achieved on Tuesday.
International Breweries led the gainers’ table with a growth of 89k to close at N19.89 per share.While Nestle led the losers’ chart shedding N14.77 to close at N800 per share.
Zenith International Bank however was the toast of investors in volume terms, trading 19.32 million shares worth N272.10 million. It was followed by Access Bank, having accounted for 16.89 million shares valued at N91.29 million and United Bank for Africa traded 12.63 million shares worth N53.81 million.
Eterna Oil sold 12.50 million shares valued at N38.28 million, while Wema Bank exchanged 10.00 million shares worth N5.90 million.
At the end of trading, investors exchanged N1.35 billion on 145.74 million shares exchanged in 2,421 deals, in contrast with a turnover of 189.73 million shares valued at N905.10 million achieved in 2,417 deals on Tuesday.
