Shares Volume Drops 61.5% At Exchange


The volume of traded equities at the Nigerian Stock Exchange (NSE) Friday, dropped by 61.5 percent or 574,133,420 shares to close the week’s transactions.

Share volume closed lower at 359,478,486 shares compared to 933,611,906 shares traded on Thursday.

The value of shares also went down by N170.6 million or 7.4 percent from N2.3 billion traded on Thursday, to close lower at N2.1 billion.

All-Share Index (ASI) closed higher at 25,790.64 basis points gaining 72.91 points, as against 25,717.73 points traded on Thursday.

The market capitalisation also gained N23.3 billion, to close higher at N8.241 trillion from N8.217 trillion traded by investors at the Exchange on Thursday.

A total number of 124 companies traded on the floor of the Exchange. Twenty-five companies made gains in their transactions, 32 companies lost, while the prizes of shares of 67 companies remained unchanged.

Union Homes gained three kobo per share to lead the gainers chart. Conoil followed after making N1.75 gains per share.

On the other hand NNFM, Josbrew and May & Baker all lost N1.53, 13 kobo and 22 kobo per share respectively to be at the fore front of the losers’ chart.

The banking sub-sector’s shares were the most active with 101,126,802 shares, worth N614.2 million which exchanged hands in 2,193 deals.

Banking sector activities were boosted by the performance of Inter-Continental Bank and Zenith Bank which traded 27,568,105 and 18,333,650 shares respectively, valued at N38.6 million and N280.3 million in 71 and 189 deals respectively.