NSE: Market Indicators Differ As Capitalisation Crashes

The performances of market indicators yesterday on the floor of the Nigerian Stock Exchange (NSE) differs as market capitalisation crashed.

Although the volume and value of traded equities appreciated, market capitalisation however showed a downward movement to  end Thursday’s trading on a negative note.

Specifically, market closed at 25,343.02 points with market capitalisation at N6.16 trillion in contrast to N6.78 trillion traded the previous day.

At the end of trading investors traded a total of 411,910,143 shares worth N2.91 billion in 5,685 deals, compared to 314,364,568 shares valued at N2.38 billion which exchange hands in 6,025 deals.

The volume of traded equities went up by 97,545,575 shares or 31 percent from 314,364,568 shares to close higher at 411,910,143 shares.

Also, the value of shares traded appreciated by N523 million or 22 percent from N2.4 billion, to close higher at N2.9 billion.

The banking sub-sector was the most active after trading 237,820,227 shares worth N2 billion in 3,129 deals compared to 149,461,742 shares worth N14 billion which exchanged hands in 3,134 deals.

The sub-sector’s performance was boosted by the transactions of Access Bank, First Bank, IBTC and SkyeBank.

Gainers chart was led by Dangflour after making N0.70 gain while WAPCO lost N1.50 to lead the losers chart.