Business
Performance At Exchange Dips
The performance of traded equities depreciated all through the week and also ended Friday transaction on a bearished note.
Activities on the floor of the Nigerian Stock Exchange (NSE) was some how stalled by the public holiday on Monday and never picked up till the end of the week.
Specifically, Friday trading closed negatively, exposing the traded equities and companies to more decline.
All –Share Index lost 0.04 per cent or 7.8 points to close negatively at 20,623.63 points, as against 20,631.38 points traded by investors on Thursday.
The market capitalisation also went down by N2.4 billion to close negatively at N6.499 trillion, compared to N6.502 trillion which was traded on Thursday.
Investors’ 211,124,979 shares, worth N1.345 billion exchanged hands in 3,875 deals, compared to 405,598,131 shares, valued at N1.495 billion that exchanged hands in 3,508 deals.
Traded equities volume depreciated by 47.9 per cent or 194,473,152 shares, to close lower at 211,124,979 shares, compared to 405,598,131 shares traded on the floor of the Exchange on Thursday.
The value of shares lost N150.6 million or 10.1 per cent to also close lower at N1.345 billion, as against N1.495 billion traded on Thursday.
NB, PZ and Unilever all gained N1.30, 51 kobo and 50 kobo per share respectively to lead the gainers’ chart while Newgold, Chevron and Julius Berger all lost N33, N2.28 and N1.35, respectively to be at the fore front of the losers table.