Trading activities on the floor of the Nigerian Stock Exchange, NSE, on Wednesday, November 2, halted the bull run that had dominated the previous trading session.
To this end, the All Share Index dropped 0.11 percent to close at 27,223.08 points, increasing the year to date loss to 5.01 percent. Likewise, market capitalisation dropped to N9.350 trillion.
Similarly, all other sector indices closed in red, safe for the Industrial Index that added 1.7 percent following a 5 percent growth in WAPCO.
Market breadth stayed on the positive side with 18 gainers to 15 losers. Champion Breweries Plc grew by 7.32 percent to close at N2.64 per share, Transcorp Plc added 6.90 percent to close at 93 kobo per share, and Airservice Plc increased by 5 percent to close at N2.31 per share.
On the flip side, Eco Transnational Incorporated Plc topped the losers’ chart with a depreciation of 4.95 percent to close at N10.18 per share. Oando Plc followed with a loss of 4.89 percent to close at N4.47 per share and UAC-property Plc dropped 4.85 percent to close at N2.94 per share.
Transactions in the shares of FCMB topped the activity chart with 47.2 million shares valued at N51.4 million. Transcorp Plc followed, having traded 22.3 million shares worth N20.9 million, while Guaranty Trust Bank Plc traded approximately 20 million shares valued at N471.7 million.
The total volume traded increased by 8 percent to 202.7 million shares valued at N1.259 billion in 3,337 deals as against 187.6 million shares valued at N1.3 billion traded in 3,065 deals on Tuesday.
