NSE: Market Volume, Value Rebound

At the end of trading on the floor of the Nigerian Stock Exchange (NSE) yesterday, the volume and value of traded equities recovered from the crash that opened the week’s transactions.

Specifically, investors traded a total of 412,989,851 shares worth N4.54 billion in 17,002 deals compared to 322,527,230 shares valued at N2.7 billion in 18,533 deals.

The volume of traded shares went up by 90,462,620 shares or 28.1 percent to close higher at 412,989.851 shares, which was however lower than 442,943,144 shares traded on Friday.

Also, the value of traded equities appreciated by N1.9 billion  or 70.4 percent to close higher at N4.5 billion, which was even higher than N4.2 billion traded Friday.

The banking sub-sector still led other sectors after trading a total of 211,687,062 shares worth N1.9 billion in 4.116 deals.

Banking subsector’s performance was largely driven by the activities of Access Bank, First Bank, Guaranty Trust Bank and Zenith Bank.

The Food/Beverages and Tobacco sub-sector followed with 13,645,270 shares valued at N298.4 in 850 deals.

Also, Insurance sub-sector traded a total of 72,700,235 shares worth N82.7 million, which exchanged hands in 410 deals.

CAP led he gainers chart after trading a total of 390,533 shares worth N10.1 million in 40 deals CAP opened and closed N24.54 and N25.76 respectively, gaining N1.22 per share.

On the other hand, BCC led the losers chart after losing N3.3 per share, opening and closing N66.01 and N62.71 respectively.