NSE Turnover Drops By 31.3%

Transactions on the Nigerian Stock Exchange (NSE) dropped in volume and value terms on Thursday as a total of 323.36 million shares worth N2.23 billion were traded? in 4,247 deals.

This was against the 483.89 million shares valued at N3. 82 billion exchanged in 4,657 deals on Wednesday.

The All-Share Index, which opened at 22,533.72, depreciated further by 22.42 points or 0.09 per cent to close at N22, 511.30.

The market capitalisation also lost N7 billion or 0.09 per cent to close at N7.179 trillion from the N7.186 trillion achieved on Wednesday.

The financial service sector remained the toast of investors as investors exchanged 263.61 million shares worth N1.97 billion in 2,592 deals.

The banking sub-sector was the most active, accounting for 257.98 million shares valued at N1. 97 billion in 2,472 deals.

UBA traded 79.32 million shares worth N290.12 million in 441 deals while GTB followed with 41.47 million shares valued at N675.89 million exchanged in 426 deals.

Flour mill led the price gainers with a gain of N1 to close at N62 per share.

Cadbury followed with 67k to close at N14.74 per share, while Presco grew by 61k to close at N13 per share.

DangoteFlour appreciated by 27k to close at N5.73 per share, while Cement Company of Northern Nigeria (CCNN) rose by 20k to close at N5.20 per share.

On the other hand, NewGold led the losers’ chart, dropping N80.69 to close at N2,437 per share.

NCR followed with a loss of 72k to close at N13.80 per share, while Berger Paint dropped 44k to close at N8.44 per share.

?