The long-anticipated break witnessed at the Nigerian Equities Market on Wednesday, November 23, came to an abrupt end on Thursday, November 24 as market indices plunged by 0.10 percent.
Investors lost N9.1 billion to close at N8.774 trillion in contrast to N19.2 billion gained on Wednesday when the market capitalisation surged to N8.784 trillion.
Despite activities returning to the Reds, Market Breadth remained positive, recording 16 gainers against 13 losers with Africa Prudential Registrars topping the gainers’ chart with a 4.89 percent leap to close at N2.79 per share.
While Air Service led the day’s decliners for the second consecutive day, recording a depreciation of 9.49 percent to close at N2.67 per share.
International Breweries was the toast of investors as it emerged the most traded stock for the day with 22.01 million shares valued at N411.6 million.
Access bank followed with 20.0 million units of shares worth N112.4 million while Guaranty Trust Bank came third with the sale of 11.4 million shares worth N245.3 million. Transcorp sold approximately 9.9 million shares at N7.1 million while FBN Holdings emerged the fifth most active stock with 7.2 million shares valued at N21.9 million.
At the close of market for Thursday, volume traded slid by 41 percent to settle at 97.1 million units, valued at N1.140 billion and exchanged in 1,929 deals.
