The abysmal performance of stocks at the Nigerian Stock Market cost investors a whooping N23.8 billion on Tuesday, June 14.
The sell pressure rocking activities on the bourse has intensified following uncertainties trailing the yet to be disclosed Flexible Forex Policy and the spike of inflation in the economy.
Although the market recorded 24 gainers to 17 losers recorded in the course of the day’s trade, the lead indicator of the bourse, the All Share Index dropped 27,034.05 points to close at 27,103.31 points.
The financial services sector retained dominance in trading activity as three top traders in volume terms for the day were Guaranty which traded 33.6 million shares worth N631 million, FCMB which sold 18.4 million shares worth N28.7 million and NEM which exchanged 14.7 million shares valued at N15.4 million.
At the end of the day’s trading, investors exchanged 170.7 million shares worth N2.4 billion in 3,153 deals t compared to a total of 152.3 million shares valued at N2.290 billion exchanged in 3,406 deals previous.
