Exchange Stocks Performance Improves

The performance of Stocks on the floor of Nigerian Stock Exchange (NSE) Wednesday improved marginally as all share market indicators appreciated to end the midweek transactions on a positive.

Specially, market index rose by 174.8 percent or 43 points, from 24,638.17 points traded Tuesday, to close higher at 24,681.17 points.

All shares market capitalisation also went up by N13.7 billion or 173.4 percent, from N7.87 trillion traded Tuesday, to close higher at N7.89 trillion.

Investors traded a total of 291,572,606 shares worth N2.9 billion in 7,033 deals compared to 259,171,266 shares, valued at N2.4 billion which exchanged hands in 6,122 deals.

The volume of traded equities added 12.5 percent or 32,401,340 shares from 259,171,266 shares traded Tuesday, to close higher at 291,572,606 shares.

Also share value of listed equities appreciated by 21.4 percent or N513 million, from N2.4 billion traded Tuesday, to close higher at N2.9 billion.

Meanwhile, the gainers and losers chart had 25 companies each with Guinness, Julius Berger and AP leading the gainers chart with N3.25, N.98 and N.80 gains per share respectively.

However, Glaxosmith, Unilever and Morison were on the fore front of losers chart after loosing N1.18, N1.08 and N.55 per share respectively.

Meanwhile, the banking sub-sector shares was the most patronised, with 155,564,593 shares worth N1.3 billion which exchanged hands in 3,474 deals. The sector’s performance was largely driven by the activities of FCMB, Guaranty and Zenith banks which trade a total of 15,473,902, 24,311,259 and 20,479,165 shares respectively, valued at N120, N405 and N293 millions respectively which exchanged hands in 73,567 and 603 deals respectively.

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