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(AFRICAN EXAMINER) - Bearish sentiment persisted on banking stocks at the equity market on Friday, making the value of transactions traded on the floor of the Nigerian Exchange Ltd.(NGX) down by 2.60 per cent. Analysis of the market activities indicated trade turnover settled lower relative to the previous session. Specifically, investors transacted a total of 257.86
Equity market investors lost about N481bn at the close of trading on Thursday due to sell-offs and waning interests.
Meanwhile, the volume of traded units rose by 39.91 per cent to 478.38 million valued at N7.17bn, which was 11.97 per cent higher than Wednesday’s value of trade. The number of deals increased to 10.957 from 9,665.
Bearish sentiment persisted on the equity market on Thursday with market capitalisation declining further by N481 billion, amid selloffs in Tier- one banking stocks Consequently, the Nigerian Exchange Ltd.(NGX) market capitalisation, which opened at N55.871 trillion, shed N481 billion or 0.86 per cent to close at N55.390 trillion. Similarly, the All-Share Index declined by 0.86