Exchange Transactions Crash Midweek


The transactions of traded equities at the floor of the Nigerian Stock Exchange (NSE) crashed to end midweek trading.

Specifically, All-shares Index (ASI) lost 187.68 points or 0.84 per cent, to close lower at 22,152.14 points, as against 22,339.82 points traded by investors on Tuesday at the Exchange.

Also, market capitalisation lost N8.8 billion or 0.13 percent to close lower at N6.97 trillion compared with N6.98 trillion traded on Tuesday by investors.

Investors traded a total of 342.716,336 shares, worth N3.3 million in 4,647 deals, as against 329,408,248 shares,  worth N3.7 million, traded in 3,947 deals.

The volume of traded shares went down by 13,308,088 shares or 3.9 percent closing lower at 22,152.14 shares compared with 22,339.82 shares  traded by investors at the floor of the house on Tuesday.

Share value lost N433.4 thousand or 11.6 per cent to also close lower at N3.29 million, as against N3.72 million traded on Tuesday.

A total of 102 companies traded at the exchange with 15 companies gaining in their  transactions, while 26 companies lost the prices of traded shares of 61 companies remained unchanged.

Julius Berger led the gainers chart after making N1.63 gain  per share. Guinness, First Bank and UPL all gained N1.39 kobo and 17 kobo, respectively to follow Julius Berger.

On the other hand, WAPCO, UNILEVER and OANDO all lost N2.22, N1 and 78 kobo, respectively to be all the front of the losers chart.