Equity transactions at the Nigerian Stock Market flagged off the week, on Monday, October 31, on a negative note as investors lost N3 billion following losses recorded by most blue chip companies.
Specifically,the market capitalisation, which represents investors’ wealth dropped 0.3 per cent or N3 billion to close at N9.35 trillion from N9.38 trillion on Friday.
Performance across sectors was mixed during the day with the NSE 30 Index, NSE banking index and NSE industrial goods index depreciating by 0.4 per cent, 0.94 per cent and 1.86 per cent respectively.
On the other hand, the NSE oil and gas index, insurance index and consumer goods index rose by 0.45 per cent, 1.07 per cent and 0.10 per cent respectively.
At the end of trading, the total volume traded appreciated by 48 percent to 219.9 million shares valued at N1.9 billion traded in 3,955 deals as against 148.4 million shares, valued at N1.08 billion, and traded in 2,073 deals last Friday.
