Business
Share Volume, Value Dip As Week’s Transactions Open
The volume and value of traded qualities at the end of last Monday’s transactions on the Nigerian Stock Exchange (NSE) declined marginally to open the week on a negative note.
The investors last Monday traded a total of 206.69 million shares worth N2.73 billion, as against 443.22 million, valued at N3.76 billion traded by investors last Friday.
The volume of traded shares lost 236.53 million shares while share value depreciated by N1.03 billion.
All-share index (ASI) closed at 39,007.40 on Monday, compared with 39,018.24 recorded by NSE on Friday, losing 10.84 points.
Market capitalization lost N4 billion or 0.03 per cent to close lower at N12.848 trillion, as against N12.853 trillion recorded on Friday.
The losers chart was led by National Salt Company of Nigeria after gaining 65k per share to close at N12.65k per share.
First bank of Nigeria (FBN) followed with 27k loss per share, to close at N12.90 per share.
However, Nigerian Breweries topped the gainers chart with N1.45 gain per share to close at N164.50 per share.
Guinness made N1.00 gain per share to place second on the table, closing at N181 per share, followed by Flow Mills which gained N1.00 per share to close at N69 per share.
The banking stocks remained the most patronized, with Access Bank ranking the most active share.