The Nigerian Stock Market, on Tuesday, December 6, slid back into the Red Zone following losses recorded by highly capitalised equities.
The market capitalisation lost N25 billion, closing at N8.831 trillion compared with N8.856 trillion recorded on Monday, December 5.
The NSE Premium Index, posted a marginal decline of 0.88 percent following a 1.15 percent and 0.35 percent depreciation recorded in Dangote Cement and Zenith Bank respectively.
Other sector indices closed positive except the NSE 30 index, Consumer Goods Index and Industrial Goods Index that dropped 0.11, 0.8 and 0.63 percent respectively.
Oil and Gas Stocks sustained growth with a 2.8 percent appreciation as Total and Forte Oil led the day’s gainers with a growth of 10.24 and 10.23 percent to close at N304.44 and N79.30 per share respectively.
Meanwhile, Diamond Bank topped the losers’ chart shedding 5.49 percent to close at 86 kobo per share, Forte Oil followed with a gain of N7.36 to close at N79.30 and Flour Mills gained 49k to close at N18.99 per share.
At the end of trading, the volume of shares traded closed higher as investors staked N2.49 billion on 189.41 million shares transacted in 2,894 deals, in contrast with a turnover of 175.06 million shares valued at N3.14 billion traded in 3,048 deals on Monday.
