NSE’s Equity Transactions Depreciate

L-R: President, International Civil Aviation Organisation (Icao), Dr Olumuyiwa Aliu, Minister of Aviation, Stella Oduah and Senate President David Mark, during the Icao President’s visit to the Senate President in Abuja last Friday. Photo: NAN

The midweek transactions at the floor of the Nigerian Stock Exchange (NSE) depreciated to end equity trading on a negative note.

The market capitalization lost N31 billion or 0.25 per cent to close at N12.430 trillion, compared to N12.461 trillion traded by investors on Tuesday.

All share Index also depreciated by 117.43 points or 0.30 per cent to close lower at 38.844.17 points in contrast to 38,961.60 points which exchanged hands on Tuesday.

Investors traded a total of 390.35 million shares worth N2.93 billion in 5,012 deals compared to 701.33 million shares valued at N3.3 billion traded by investors on Tuesday in 5,393 deals.

The gainers’ chart was led by International Breweries which close at N25.20k per share, with a gain of N1.20k per share.

Flour Mill followed after making 92k gains per share to close at N86 per share. Union Dicon was third and closed at N8.28k per share with 76k gain.

The losers’ chart however, was led by the Nigerian Brweries after losing N4.99k per share to close at N162.01k per share.

WAPIC drove the market by volume on Wednesday with 85.33 million shares worth N82.89 million.

Transcorp was second with 54.42 million volume of shares worth N203.87 million.

Unity Bank, Access and Zenith Bank followed with 53.99, 24.06 and 18.59 millions volume of shares, respectively valued at N28.49, N232.19 and N398.72 millions, respectively.