The Nigerian Stock Market, on Tuesday, December 20, ended in the south as the profit booking trend kicked off on Monday slipped into Tuesday’s trading.
Following the continued profit taking, market capitalisation of the bourse crashed by N15.7 billion to close at N9.132 trillion.
Market breadth closed negative as Forte Oil led topped the recliners list,losing a 9.74 percent for the third consecutive day to close at N94.69 per share.
Meanwhike, Nascon Allied Industries led the day’s advancers appreciating by 5.26 percent to close at N7.60 per share.
Top five traded stocks in the course of the day were United Bank for Africa (UBA) with 75.5 million units of shares valued at N345.2 million. FBN Holdings followed with 29.1 million shares worth N99.8 million while Zenith Bank came third with 25.6 million shares worth N369.9 million.
Guaranty Bank emerged the day’s fourth most traded stock with 17.5 million shares worth N436.8 million while Sterling Bank came fifth having traded 15.7 million shares amounting to N11.3 million.
Volume of transactions slid 5 percent to settle at 248.7 million units as against 262.9 million units traded previously, while value traded jumped by 77 percent to close at N3.103 billion from N1.75 billion recorded in previous trading session.
