The Nigerian Equity market, on Wednesday, November 2, reversed the upward trajectory from the previous trading session that led the bourse to impressive gain.
With the sudden bear dominance, investors lost a whooping N10.1 billion at the end of trading as market capitalisation dropped to N9.350 trillion.
Despite trading closing in the reds with year to date loss surging to 5.01 percent., market breadth remained positive of 18 gainers to 15 losers.
Trading activities on the floor of the Nigerian Stock Exchange, NSE, on Wednesday, November 2, halted the bear run that had dominated the previous trading session.
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.
At the end of trading, the total volume exchanged jumped 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.
