NSE Performance Drops Again

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Activities at the Nigerian Stock Exchange (NSE) again closed in reds as Friday’s transactions left the capital market in a bearish note.

Specifically, All-share Index lost 0.34 per cent or 79.98 points from 23,906.97 points traded on Thursday, to close lower at 23,826.99 points.

Also, market capitalisation lost N25.585 billion from N7.65 trillion traded last Thursday, to close lower at N7.62 trillion.

Investors traded a total of 270,576,394 shares, worth N1.85 billion in 5,315 deals, as against 175,396,259 shares, valued at N1.68 billion, that exchanged hands in 4,009 deals last Thursday.

Traded equities’ volume however, appreciated by 95,180,135 shares, or 54.3 per cent, from 175,396, 259 shares traded on Thursday, to close higher at 270, 576, 394 shares.

Share value also  gained N168.9 million or 10 per cent, to close at N1.85 billion from N1.68 billion traded by investors on Thursday.

A total of 129 companies traded at the floor of the exchange, 15 companies made gains in their transactions, 35 companies lost, while the prices of shares of 82 companies remained unchanged. PZ gained N2 to lead the gainers chart, Cadbury, GlaxoSmith Fidson and Continsure all gained 95 kobo, N1.19, 9 kobo and 5 kobo to follow PZ.

On the other hand, UBN, Diamond Bank, WAPCO and Oceanic Bank lost 12 kobo, 25 kobo, N2.29 and 5 kobo, respectively to be in the forefront of the losers chart.

By the statistics, more than half last Friday of the quoted companies lost in their transactions.