By Isaac Olufemi Ojo
The Nigerian stock market closed on a bearish note on October 16, as the All-Share Index declined by 0.07% to close at 247,707.13 basis points.
A total volume of over 257.73 million shares, valued at over 13.07 billion Naira, was traded across 32,032 deals.
Meanwhile, market capitalization closed at over 160 trillion Naira.
Gainers and Losers
Top Gainers: Thomasway led the top three gainers’ chart, gaining 0.22 Naira to close at 2.42 Naira. E-Tranzact followed to close at 17.30 Naira, while Austinlaz followed with a gain of 0.26 Naira to close at 2.92 Naira.
Top Losers: Transexp led the losers’ pack with a decline of 0.27 Naira to close at 2.70 Naira. CMFC dropped by 0.30 Naira to close at 3.31 Naira, while Royalex recorded a decline of 0.07 Naira to close at 1.01 Naira.
Top Traded Equities
Zenith Bank led the top five active trades with equities worth over 2 billion Naira, followed by GTCO with a volume worth over 1.8 billion Naira, while Aradel closed the top tier with substantial equity trading activity.
