The Nigerian Equities Market, on Wednesday, November 23, bounces back from an eight consecutive day downward trajectory as market indices appreciated in value.
Following the recovery, investors gained N19.2 billion as market capitalisation surged to N8.784 trillion, compared to a loss of N14.99 billion recorded on Tuesday when market capitalisation crashed to N8.764 trillion.
On improved investors’ sentiment, market breadth turned positive following price appreciation in 19 stocks against losses recorded in 11 stocks.
Sterling Bank led the topped the gainers chart adding a 5.71 percent to close at 74 kobo per share. While Forte Oil led the day’s decliners for the second consecutive day, recording a depreciation of 6.19 percent to close at N70 per share.
Diamond Bank emerged the most traded stock for the day with 34.4 million shares valued at N32.7 million, Access bank followed with 32.7 million units of shares worth N181.9 million while FBN Holdings came third with the sale of 21.9 million shares worth N66.1 million.
Transcorp sold 12.7 million shares at N8.7 million while Skye Bank emerged the fifth most active stock with 12.2 million shares valued at N6.3 million.
At the end of market session, volume traded appreciated by 37 percent to settle at 165.7 million units, valued at N1.126 billion and exchanged in 2,484 deals.
