Turnover improves by 50.97% on NSE

The volume of shares traded on the Nigerian Stock Exchange (NSE) on Tuesday increased by 50.97 per cent, just as the market capitalisation dropped by N39 billion.

The News Agency of Nigeria (NAN) reports that investors staked N2.83 billion on 221.91 million shares transacted in 4,784 deals.

This was against a total of 146.99 million shares worth N1.23 billion exchanged in 4,111 deals.

NAN reports that the banking sector remained the investors’ delight with FBN Holdings exchanging 30.82 million shares worth N422.71 million.

Zenith Bank came second with 23.15 million shares valued at N505.88 million, while Skye Bank traded 19.49 million worth N63.69 million.

Diamond Bank accounted for 16.07 million shares valued N97.07 million, while Transcorp sold 14.48 million shares worth N50.49 million.

However, the market capitalisation dipped N39 billion or 0.31 per cent to close at N12.667 trillion, as against the N12.706 trillion recorded on Monday due to profit taking.

Also, the All-Share Index depreciated by 117.73 basis points or 0.31 per cent to close at 38,480.60, compared with the 38,598.33 achieved on Monday.

Guinness topped the losers’ chart, dropping by N2.51 to N178 per share.

GTBank trailed with a loss of N1.18 to close at N26.02 ,while PZ Cussons dropped by 98k to N36.02 per share.

UAC Property lost 45k to close at N24.50, while Zenith declined by 27k to close at N21.92 per share.

Conversely, Seplat led the gainers’ table, appreciating by N6.50 to close at N596.50 per share.

Nestle garnered N4 to close at N1,080, while FBN Holdings appreciated by N1.07 to close at N13.96 per share.

Nigerian Breweries improved by 88k to N148.90, while Unilever Nigeria went up by 46k to N47.50 per share. (NAN)JNC/POE/PIO