Equity transactions at the Nigerian Stock Market, continued to head farther south on Tuesday, November 15, as investors’ appetite remained dim.
As a result, the market capitalisation of the bourse depreciated by N44.7 billion to close at 8.901 trillion , compared to N63.4 billion lost previously to close at N8.945 trillion.
Market breadth closed negative still with 9 gainers against 19 losers as Wapco topped the losers chart sliding by 8.33 percent to close at N44 per share. On the other hand, Custodian and Allied Insurance led the advancers with a 4.96 percent growth to close at N3.81 per share.
Standard Alliance Insurance emerged the most traded stock for the day with 95 million shares valued at N47.5 million. United Capital followed with 11.3 million shares worth N28.1 million, while FBN Holdings traded 11.2 million shares valued at N34.4 million.
Eterna Oil with the trade of 10.8 million shares worth N33 million bagged the fourth position on the activity chart, while United Bank for Africa came fifth having sold 7.3 million shares valued N31.2 million.
At the end of the day’s transaction, total volume traded, leaped to 189.7 million units valued at N905.1 million in 2,417 deals compared to 160.9 million units valued at N1.115 billion and traded in 2,431 deals, in previous session.
