Investors stake N10.22bn on 852.31m shares

Transactions at the Nigerian Stock Exchange (NSE) on Wednesday increased by 185.81 per cent as investors’ staked N10.22 billion on 852.31 million shares in 4,689 deals.

The News Agency of Nigeria (NAN) reports that the volume is against the 298.21 million shares worth N3.90 billion achieved in 4,660 deals on Tuesday.

Wapic Insurance drove the turnover volume with an exchange of 328.79 million shares valued at N263.04 million.

It was trailed by Zenith Bank, which accounted for 217.91 million shares worth N5.11 billion, while GT Bank sold 93.03 million shares valued N2.55 billion.

Learn Africa traded 21.61 million shares worth N37.62 million, while FBN Holdings sold 21.04 million shares valued N277.24 million.

In spite of increased transactions, the NSE market indices dropped by 0.15 per cent due to price losses posted by major equities.

The All-Share Index lost 59.72 basis points or 0.15 per cent to close at 39,102.77, against 39,162.49 achieved on Tuesday.

Similarly, the market capitalisation, which opened at N12.931 trillion, lost N20 billion or 0.15 per cent to close at N12.911 trillion.

An analysis of the price movement chart showed that Seplat topped the laggards’ chart by N4, to close at N636 per share.

Guinness followed with N2.93 to close at N178.07, while Conoil depreciated by N2.46, to close at N46.74 per share.

Dangote Cement dipped by N2 to close at N221, while Caverton lost 92k to close at N8.58 per share.

On the other hand, Nigerian Breweries led the gainers’ chart by N2.70 to close at N169.20 per share.

Flour Mill and Total increased by N1 each to close at N70 and N156 per share, respectively.

Oando improved by 79k to close at N16.59, while ETI garnered 69k to close at N15.50 per share. (NAN)