NSE: Market Dips Marginally

Transactions on the floor of Nigerian Stock Exchange yesterday ended on a negative note as market indicators went down marginally.

Specifically, market closed lower at 24,262.34 points, in contrast to Wednesday closing of 24,447.85, depreciating by 185.51 points (0.76 percent).

Also market capitalisation depreciated by N44.8 billion, 0.85 percent at N5.86 trillion compared to N5.91 trillion traded on Wednesday.

However, a total of 481,620,300 shares worth N4.38 billion exchanged hands in 8,396 deals in constrast to 480,321,733 shares worth N4.68 billion in 8,795 deals traded on the floor on Wednesday.

The value of shares traded also went down by 6.41 percent.

The gainers chart was led by OANDO which opened and closed at N77,5 and N80.5 respectively. Glaxosmith, CAP and NNFM all followed.

On the other hand, the losers chart was led by BCC, Flourmill and Cadbury.

The sector total came to 481,620,300 shares worth N4,38 billion in 8,396 deals.

Banking sub-sector led the sectoral chart after trading a total of 295,016,811 shares worth N2.85 billion in 4,184 deals.

The banking sub-sector’s performance were largely driven by the activities of Access, Afrik, Diamond and Ecobanks.