NSE shares volume dips by 43%

The volume of shares traded on the Nigerian Stock Exchange (NSE) depreciated by 43 per cent on Tuesday. The turnover volume dropped by 192.54 million shares as investors bought 250.62 million shares worth N2.4 billion exchanged in 4,066 deals. This was against 443.16 million shares valued at N2.2 billion traded in 4,514 deals on Monday. The financial services sector was the most active among other sectors as investors bought 203.82 million shares worth N1.7 billion traded in 2,459 deals.

The banking sub-sector of the financial service sectors remained investors’ delight with 24.61 million shares worth N16.05 million traded in 127 deals. FBN was the toast of the investors with 57.34 million shares worth N680.57 million exchanged in 630 deals. GTB came second with 23.46 million shares valued N392.82 million traded in 308 deals.
The All-Share Index depreciated by 211.81 basis points, representing 0.91 per cent to close at 23,169.24 as against 23,381.05 points recorded on Monday. Similarly, the market capitalisation, which opened at N7.44 trillion dropped by N68 billion, representing 0.91 per cent to close at N7.37 trillion. NewGold led the losers’ chart recording a loss of N11 to close at N2, 459 per unit.

Dangote Cement followed with N4.75 to close at N116 per share, while PZ Cusson dropped by 98k to close at N25.02 per share. The Dangote Sugar share price shed 23k to close at N4.75, while Oando depreciated by 18k to close at N15.12 per share. On the other hand, Flour Mill recorded the highest price gain leading the gainers’ chart with N2.50 to close at N55 per share. ConOil trailed with a gain of 82k to close at N27 per share, while UACN grew by 60k to close at N35 per share. Access Bank appreciated by 30k to close at N7.44, while Nigerian Breweries gained 28k to close at N116 per share