Investors Trade 410.59m Shares

Investors on the Nigerian Stock Exchange (NSE), yesterday, traded 410.585 million shares valued at N2.47 billion transacted in 4,030 deals.

The turnover increased by 78.92 per cent, compared to the 229.482 million shares worth N3.29 billion traded in 3,901 deals on Wednesday.

Mutual Benefit emerged the most traded equity with 141.53 million shares worth N70.77 million.

FCMB came second on the activity chart, accounting for 59.59 million shares valued at N122.33 million while the FBN Holdings traded 28.43 million shares worth N213 million. Access Bank sold 28.34 million shares valued at N142 million while Continental Reinsurance transacted 16.1 million shares worth N14.77 billion.

Despite the high trading volume recorded, the equity market declined by 0.24 per cent as the NSE All-Share Index fell by 71.11 points to close at 29,687.93, as against 29,759.04 achieved on Wednesday. Similarly, market capitalisation shed N23 billion to close at N9.889 trillion compared to the N9.912 trillion posted on Wednesday.

Mobil led the laggards’ table, dropping N7.06 to close at N150 per share. Guinness trailed with a loss of N2.98 to close at N127.02 while Presco declined by N1.48 to close at N28.22 per share. International Breweries shed N1.09 to close at N20.80 and Okomu Oil lost 60 kobo to close at N23.30 per share.

On the other hand, Wapco led the gainers’ table, appreciating by N1 to close at N82 per share. Flourmill followed with a gain of 99 kobo to close at N36.99 while Union Dicon advanced by 57 kobo to close at N13.80 per share. Dangote Cement grew by 48 kobo to close at N155.50 and Oando improved by 36 kobo to close at N16.50 per share.


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