NSE: Market Volume, Value Appreciate

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Transactions on the floor of Nigeria Stock Exchange (NSE) took a good step as the volume and value of traded equities at the sectoral levels appreciated to end the market on a positive note.

 Specifically, a total  of 689,265,110 shares worth N4.8 billion exchanged hands in 9.696 deals in constrast to 454,857,628 shares, valued at N3.7 billion in 7,661 deals which was traded on Wednesday.

The sector’s overall total volume went up by 234,407,482 shares or 51.5 per cent to close at 689,265,110 shares.

 Also, the value of traded shares appreciated by N1.1 billion or 30 per cent to close at N4.8 billion.

 The banking sub-sector shares were the most traded, with 531,332,097 shares worth N2.8 billion which exchanged hands in 272 deals in contrast to 301,905,118 shares worth N2.3 billion in 3,777 deals traded Wednesday.

Volume for this subsector went up by 76 per cent while the value of shares traded went up by N441.1 million.

The sector’s performance was boosted by the activities of Access, Fidelity, Platinum and Skye banks.

The gainers chart was led by UACN and WAPCO which opened and closed at N39.95, N41.94; N38.5, N4.42 respectively, gaining N1.99 and N1.92 respectively.    

On the other hand, Guiness Plc led the losers chart opening and closing at N156.2 and N152.73, losing N3.47 per share.