Market Index, Capitalisation Dip As Volume Rises

Transactions on the floor of the Nigerian Stock Exchange (NSE) Friday ended on the negative note, as the performance of market indicators parted ways.

While All Share Index and Market Capitalisation declined, the volume and value of traded equities went up.

Although 21 companies gained, a total of 60 companies lost during their transactions on Friday to close the week poorly.

Specifically, market closed at 26,784.90 points as against 27,227.26 points traded the previous day.

Also, capitalisation shedded N107.6 billion from N6.6 trillion traded on Thursday, to close lower at N6.5 trillion.

However, investors traded a total of 442,943,144 share worth N4.2 billion in 7,288 deals as against 316,343,498 shares valued at N3.4 billion in 11.133 deals.

The volume of traded equities went up by 126,599,646 shares or 40 per cent to close higher at 442,943,144.

Also, the value of shares traded swaged by N826.4 million from N3.4 billion to close at N4.2 billion.

Guinness company plc led the gainers chart opening and closing at N156.00 and N157.30 gaining only N1.30 per share. All the companies listed on the gainers chart made less than one naira  gain.

BCC on the other hand lost N3.24 per share to lead the losers chart.