Index, Capitalisation Rise At Exchange

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At the end of transactions on the floor of Nigerian Stock Exchange (NSE) Wednesday, the performance of market indicators divided, though there was a little improvement by the market index and capitalisation.

Share volume and the value of traded equities however continued the depreciation that started since Thursday last week.

Specifically, All-Share Index gained 15 basis points or 0.15 per cent, to chose higher at 25,781.65 points, as against 25,741.94 points traded on Tuesday.

NSE market capitalisation also gained N12.7 billion, to close at N8.243 trillion, compared to N8.231 trillion traded by investors on Tuesday.

However, investors traded a total of 165,988,229 shares, worth N1.78 billion, in 5,278 deals, against 271,278,930 shares, valued at N2.210 billion, which exchanged hands in 5,163 deals.

The volume of traded shares declined by 38.8 per cent, to close lower at 165, 988, 229 shares, compared to 271,278,930 shares traded on Tuesday.

Also, share value lost N430.7 million or 19.5 per cent from N2.21 billion traded on Tuesday, to close lower at N1.78 billion.

One hundred and twenty-one companies traded at the Exchange, with 23 companies making gains in their transaction, while 31 companies recorded losses.

UPL, Airservice and NBC led the gainers table after making 25 kobo, 11 kobo and N1.77 gains per share, respectively.

On the other hand, NAHCO led the losers chart, with 43 kobo loss per share.