Equity Market Drops N5billion to Unwavering Bear Pressure

Stock Market Remains In Green, Investors Gain N27bn

Equity transactions at the Nigerian Stock Market, flagged off the new week on Monday, November 28, further caving in to bear pressure.

The market capitalisation of the bourse lost N5billion to close at N8.715 trillion against N8.720 trillion posted on Friday, November 25.

Price Movement Chart of the bourse showed that Mobil Oil topped the gainers’ table appreciating by N10.44 to close at N219.41 per share. Guaranty, while Forte Oil led the losers’ Chart with a loss of N3.14 to close at N59.66 per share.

Wema Bank led the activity chart accounting for 75.36 million shares valued at N39.19 million. Access Bank exchanged 22.90 million worth N131.57 million, while Zenith Bank sold 14.78 million worth N199.73 million.

FCMB Group traded 14.29 million shares valued at N15.14 million and FBN Holdings sold 13.51 million worth N41.29 million.

At the end of the day’s session, investors exchanged a total of 202.43 million shares valued at N1.62 billion traded in 2,558 deals against 144.16 million shares worth N2.14 billion traded in 2,459 deals on Friday.

 

 

 

 

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