NSE: Investors Return To Market, Tomorrow

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Activities on the floor of Nigerian Stock Exchange (NSE) will resume tomorrow after the Easter holidays that affected stock market from Friday last week.

Investors were affected by the public holiday resulting in the early withdrawal of investors from trading.

This was responsible for the crashing of the volume of traded equlities from 791,438,310 (Wednesday) to  408,781,638 shares losing 382, 656, 672 shares or 48.34 percent to close the week’s transaction.

The value of shares traded  was also adversely affected by the holidays closing the week’s transactions at N2.75 billion from N7.55 billion (Wednesday), depreciating by N4.79 billion or 63.58 percent.

Thursday bears could not even measure up with the volume and value of equities traded on the floor of NSE on Tuesday when investors traded a total of 497, 129, 475 shares worth N4.20 billion in 10,034 deals.

However, market index maintained a slight appreciable point from 25,836.29 points (Tuesday and Wednesday) and 25.966.25 points (Thursday) to close the week higher.

Market capitalisation also performed the same way, sustaining N6.25 trillion for Tuesday and Wednesday but went up by N31.44 billion or 0.48 percent to close the week at N6.28 trillion.

Meanwhile investors in the previous week  staked N21.1 billion on the Nigerian Stock Exchange (NSE) for a total of 2.5 billion shares in 47,293 deals, reports said.

The figures were contained in the weekly review of capital activities released on Monday by a stock broking firm, Meristem Securities Ltd.

The banking sub-sector was the toast of investors as 1.2 billion shares worth N12.1 billion were traded in 19,789 deals in the week under review.

The banking sub-sector was driven by investors’ interest in the shares of Zenith Bank Plc, UBA Plc, Guaranty Trust Bank Plc and First Bank of Nigeria Plc..

According to the firm’s review, trading in the shares of the four banks accounted for 490.7 million shares or 42.1 percent of the sub-sector’s turnover.