Exchange Lulls At Week’s Resumption

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Activities at the Nigerian Stock Exchange witnessed huge lull at the opening of the week’s transactions, as the volume and value of traded equities lost 69.1 and 71.5 percent, respectively.

The volume of the shares traded by investors crashed from 438,741,511 shares traded on Friday, to 135,691,413 shares, shading as much  as 303,050,098 shares or 69.1 per cent.

Investors on Monday traded a total of 135,691,413 shares, worth N894.7 million in 4,067 deals, compared to 438,741,511 shares valued at N3.13 billion which exchanged hands  in 7,003 deals.

Share value also lost 71.5 per cent or N2.24 billion to close lower at N894.7 million, from N3.13 billion traded on Friday.

All-share Index (ASI) depreciated by 128.46 points or 0.53 per cent, to close  lower at 24,181.57 points, from 24,310.03 points.

The Exchange market capitalisation lost N41.1 billion, from N7.77 trillion, to N7.73 trillion.

Intercontal Bank Plc gained 5 kobo per share to lead the gainers chart. Cap Hotel, Costain and vita  foam followed after making 22 kobo, 12 kobo and 6 kobo gains, respectively.

On the other hand, NNFM, CAP, Afrik Bank and HIS all lost N1.30, N1.71,5 kobo and 14 kobo, respectively to be at the forefront of the loses chart.

A total of 110 companies traded on the floor of the house, with 14 companies making gains in their transaction. Twenty six companies lost, while the prices of shares of 70  companies remained unchanged.