Shares turnover grows by 69 per cent on NSE

Shares turnover grows by 69 per cent on NSE
The turnover of shares on the Nigerian Stock Exchange (NSE) grew by 69 per cent on Tuesday as investors scrambled for banking equities. Investors bought 317.25 million shares worth N2.8 billion in 4,390 deals compared with 188.04 million shares valued at N1.76 Billion traded on Monday in 3,664 deals.
The All- Share Index of the listed securities dipped by 26.87 points or 0.11 per cent to close at 23,391.79 points as against 23,418.66 points recorded on Monday. The market capitalisation also fell by N8 billion or 0.11 per cent to close at N7.445 trillion compared with the N7.453 trillion achieved on Monday. The banking sub-sector accounted for 222.45 million shares worth N2.2 billion traded in 2,439 deals.
First Bank was the toast of investors with 61.87 million shares worth N735.74 million exchanged in 723 deals. Zenith bank followed with 59.88 million shares valued at N898.13 billion traded in 272 deals. On listed equities performance, Unilever led the price losers’ chart with N1.80 to close at N34.65 per share. Nigerian Breweries’ share price fell N1.75to close at N117.35 per share, while Lafarge Wapco dipped by 50k to close at N43 per share.
Stanbic IBTCdepreciated by 20k to close at N6.20 per share, while Dangote Sugar fell by 19k to close at N4.80 per share. On the other hand, New Gold led the gainers’ chart with N13 to close at N2,543 per unit. Glaxo SmithKline trailedwith 52k to close at N29.02 per share, while Forte Oil grew by 42k to close at N10.42 per share. First Bank appreciated by 40k to close at N12.10 per share, while International Breweries rose by 27k to close at N6.49 per share.