The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are, Nestle Nigeria, Guinness Nigeria, Newrest ASL Nigeria, Flour Mills Nigeria and FBN Holdings. Total volume traded declined by 30.59 per cent to 249.54 million shares, valued at N3.12 billion, and exchanged in 4,018 deals. Transactions in the shares of Zenith Bank topped the activity chart with 56.37 million shares valued at N1.3 billion. Access Bank traded 36.19 million shares worth N218.05 million and Sterling Bank transacted 32.3 million shares valued at N75.55 million. Diamond Bank sold 20.19 million shares worth N46.5 million, while United Bank for Africa traded 15.97 million shares valued at N116.02 million.

Source: The Guardian January 31, 2019 04:30 UTC