Exchange Volume Sheds 56.4%

Traded Equities Volume and value at the Nigerian Stock Exchange, midweek depreciated by 56.4 and 41.7 per cent, respectively.

Investors on Wednesday traded a total of 106,482,623 shares worth N873.7 million which exchanged hands in 3,297 shares, compared to 244,175,973 shares, valued at N1.5 billion that were traded in 2,884 deals.

The volume of traded shares came down by 137,693,350 shares  compared to 244,175,973 shares traded by investors on Tuesday, to close lower at 106,482,623 shares.

Also, share value declined by N629.1 million to closed lower at N873.7 million as against N1.5 billion traded on Tuesday at the exchange.

All-share Index closed at 20,997.88 points while the market capitalisation close at N6.6 trillion.

At the sectoral level, the Banking sub-sector led other sectors when 50,372,012 shares, worth N366.75 million was traded in 1,515 deals.

The sector’s performance was boosted by the activities of Guaranty Trust Bank and Skye Bank which traded a total of 12,669,875 and 10,426,043 shares, respectively, valued at N179.3 million and N39.6 million, respectively in 365 and 110 deals, respectively.