Equity transactions at the Nigerian Stock Market, on Tuesday. November 29, stayed stuck in the south as the value of the bourse continued to slide.
The Market capitalisation closed at N8.686 trillion following the plunge of N29.3 billion, compared to N5.2 billion lost on Monday when market capitalisation closed at N8.715 trillion.
The price movement chart showed that Forte Oil led the day’s declining stocks, with a 9.74 percent loss, while.Mobil topped the day’s advancers’ chart with a 10.25 percent appreciation to close at N241.89 per share.
Wema Bank emerged the most traded stock for the day with 356.2 million shares valued at N181.3 million, Diamond Bank followed with 63.6 million units of shares worth N57.5 million while FCMB came third with the sale of 14.6 million shares worth N15.0 million.
Eco transnational Incorporated (ETI) traded 9.5 million shares worth N92.9 million and Wapic Insurance sold approximately 6.9 million shares at N3.5 million.
At the end of trading , investors exchanged a total of 511.6 million shares. The shares traded in 2,342 deals, were worth N1.695 billion and represented a 153 percent growth from 202.4 million shares worth N1.616 billion, exchanged in 2,558 deals on Monday.
