Business
NSE: Index, Capitalisation Rise Slightly As Value Crashes
Transactions on the floor of Nigerian Stock Exchange Thursday seemed to be affected by the forth coming Easter public holidays as some market indicators crashed marginally.
Specifically, market closed slightly higher at 25,966.25 points compeard to 25,836.29 points of Wednesday’s trading.
Market capitalisation also closed higher at N6.28 trillion from N6.25 trillion, adding N31,44 billion or 0.48 percent to the previous day transaction.
The volume of traded equities crashed by 382,656,672 shares or 48.34 percent when investors bought a total of 408,781,638 shares worth N2.75 billion in 10,252 deals in contrast to 791,438,310 shares worth N7.55 billion in 12,183 deals on Wednesday.
Also the volue of traded equities crashed by N4.79 billion or 63.58 percent, signifying investor’s early withdrawal from NSE in preparation for the holidays.
The gainers chart was led by Flowmill, Julius Berger and NNFM who opened and closed N61.06/N64, N34.73/ N36.44 and N30.79/ N32.32 respectively.
Losers chart however was led by PZ, Cadbury and Nahco which opened and closed N31.35/N30.42, N18.77/ N18.2 and N11.52/N11.03 respectively.
The sectoral total was N408,781,638 shares worth N2.75 billion in 10,252 deals.
The banking sub-sector was the toast of investors as 124,370,966 shares worth N1.17 billion exchanged hands in 3,462 deals.
Banking sector’s trading was boosted by investors’ interest in the shares of Access, Fidelity and UBA.