NSE Markt Cap Sheds N22b | Independent Newspapers Limited
Newsletter subscribe


NSE Markt Cap Sheds N22b

Posted: Jul 8, 2015 at 1:17 am   /   by   /   comments (0)

By Bamidele Ogunwusi,  Lagos


Trading activities on the floor of the Nigerian Stock Exchange on Tuesday continued on the downward trend leading to a further loss of N22 billion.

Consequently, the All-Share Index shed 63.86 basis points or 0.19 per cent to close at 32,380.26  index points as against 32,444.12 recorded the previous day while market capitalisation of equities depreciated by N22 billion or 0.19 per cent to close lower at N11.053 trillion as against N11.075 trillion as market sentiment remained on the red territory.

Meanwhile, a turnover of 217.1 million shares worth N2.9 billion in 3,737 deals was recorded in the day’s trading.

The banking services sector of the financial services sector was the most active during the day (measured by turnover volume); with 150.9 million shares worth N2.2 billion exchanged by investors in 1,378 deals.

Volume in the sub-sector was largely driven by activities in the shares of and Zenith Bank Plc and Wema Bank Plc.