Home Finance Volume of traded shares grow by 42.95 per cent at NSE

Volume of traded shares grow by 42.95 per cent at NSE

by Business News Report

Investors at the Nigeria Stock Exchange (NSE) on Monday bought 535.076 million shares worth N4.37 billion in 5,862 deals. The volume represented an increase of 42.95 per cent over the 374.304 million shares valued at N3.21 billion exchanged in 4,778 deals on Friday.
The All-Share Index which opened at 42,891.82, dropped by 107.52 points or 0.25 per cent to close at 42,784.30 as a result of profit taken by investors.
The market capitalisation depreciated by N35 billion or 0.25 per cent to close at N14.127 trillion as against the N14.162 trillion posted on Friday. Seplat topped the losers’ chart, depreciating by N26.95 to close at N675.05 per share. Forte Oil trailed with a loss of N11 to close at N227, while Unilever dipped by N2.63 to close at N50.14 per share. NCR dropped by 76k to close at N14.44, while Guinness lost 52k to close at N197.5 per share.
On the other hand, Mobil led the gainers’ chart with N15.83 to close at N170.33 per share.
It was followed by Total Oil which gained N6 to close at N186.20, while PZ Cussons improved by N1.01 to close at N39 per share. Nigerian Breweries gained 87k to close at N177.09, while CCNN rose by 78k to close at N12.04 per share. Transcorp was the most active equity with 93.63 million shares worth N550.27 million.

Wapic Insurance came second, accounting for 56.68 million shares valued at N50.42 million, while Sky Bank sold 53.40 million shares worth N186.23 million. Oando Oil traded 47.33 million shares valued at N1.20 billion, while investors staked N20.89 million on 41.78 million shares of Unity Bank.

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