NSE: Share Volume Crashes As Capitalisation Rises Marginally

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Although the number of investors that bought shares on the floor of Nigerian  Stock Exchange on Friday increased marginally, the volume of equities traded crashed to end last week’s trading. 

Specifically the all share market index went up slightly by 25,005.63 points or 0.48 percent to close at 25,126.20 points in contrast to 25,005.63 points on Thursday.

Market capitalisation also went up by N33.51 billion or 0.66 percent from N6.04 trillion (Thursday) to N6.08 billion closing the week on a positive note.

The volume of traded equities crashed to close the week negatively as only a total of 463,066,202 shares worth N4.25 billion in 12,991 deals were traded.

Volume crashed by 167,956,064 or 26.6 percent from 631,022,266 traded Thursday on the floor of the exchange.

Meanwhile, the value of shares traded went up by N154 million or 3.66 percent from N4.10 billion traded Thursday.

However, more investors bought shares, resulting to 53.6 percent increase in the number of deals from 8,460 to 12,991 which did not reflect on the volume of shares traded.

This means many investors were seen on the floor of the exchange buying small quantity of shares.

The sectoral report showed a total of 463,066,202 shares worth N4.25 billion in 12, 991 deals.

The banking sub-sector still led with a total of 248,411,661 shares, valued at N2.78 billion in 4,105 deals, largely driven by Access, Afribank and Diamond Bank.

 

Lilian Peters