Market Capitalisation Loses N47 Billion… As Stocks Open Higher

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The Nigeria Stock Exchange (NSE) at the end of transactions on Tuesday lost N47 billion to slide the market further.

Exchange which opened on a negative note on Monday, did not recover on Tuesday, as All-Share Index (ASI) also depreciated, though the volume and value of traded equities rose.

Specifically, market index closed lower at 25,023.84 points losing 146.79 points or 0.58 per cent from 25,170.63 points traded on Monday.

NSE market capitalisation lost N47 billion, to close lower at N8 trillion, compared to N8.05 trillion traded by investors on Monday.

However, the volume of traded shares added 57,394,034 shares or 19 per cent to 301,414,947 shares traded Monday, to close higher at 358,808,981 shares.

Also, share value gained N409.98 million or 22.3 per cent to close higher at N2.25 billion, from N1.84 billion traded on Monday.

The gainers chart was topped by May & Baker, after gaining 18 kobo per share CCNN, UPL and Nigerians all gained 45,26 and 3 kobo (s) per share, respectively to follow May & Baker.

On the hand, Aglevent, Conoil and NNFM lost 11 kobo, N2.00 and N1.38 to lead the losers’ chart.

One hundred and thirty-three companies traded, 25 of which made gains in their transaction, 27 companies lost while the stock prices of 81 companies remained unchanged.