LAGOS-Investors on Wednesday traded a total of 254.64 million shares worth N2.11 billion in 7,165 deals at the Nigerian Stock Exchange (NSE).
This was against a total of 373.45 million shares valued at N2.64 billion exchanged in 7,244 deals on Tuesday.
Reports say that this showed a drop of 53 points or 20.1 per cent in the total number of shares traded.
Reports also say that the market indices dropped by 0.09 per cent following investors continued apathy to the nation’s capital market.
The market capitalisation of listed equities dipped by N5 billion to close at N5.941 trillion as against the N5.946 trillion transacted on Tuesday.
The All-Share Index depreciated by 21.19 points to close at 24,247.05 compared with the 24,268.24 achieved on August 31.
The banking sub-sector took the lead in the sector performance analysis with 129.30 million shares amounting to N1.31 billion traded in 3,392 deals.
The sub-sector was boosted by the shares of Guaranty Trust Bank (GTB) and Zenith Bank.
GTB investors transacted 38.6 million shares valued at N597.89 million in 614 deals while Zenith Bank sold 21.46 million shares worth N270.38 million in 479 deals.
The healthcare sub-sector followed, exchanging 59.20 million shares valued at N31.19 million in 69 deals.
Investors in Union Diagnostic Clinical bought 58.7 million shares worth N29.3 million in 15 deals.
The insurance sub-sector as the third most traded sector, staked N27.7 million on 23.3 million shares in 311 deals.
The shares of AIICO accounted for the bulk of trading in the sub-sector with 5.18 million shares accounting for N5.46 million in 120 deals.
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