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NSE: Investors’ apathy deepens as trade volume hits year-to-date low

The steep decline in activities that have dominated the market in the last couple of days reached a new low Tuesday with Trade Volume tumbling by 99.6% relative to the figure posted the day before, marking lowest level since 1st January.

A positive market breadth was recorded as 24 gainers emerged against 10 losers.

Across the sectors, only the Banking and the Industrial Indices posted gains; the former going up by 3.22% to 248.34 points and the latter by 0.30% to 956.77.

Rising by 1.24%, the All Share Index (ASI) closed at 20,925.19 basis points. In the same vein, market capitalisation climbed up to N10.905 trillion, adding up N133.314 billion.

Year to date, the index is up by 22.04%

TOP 5 GAINERS

FBN Holdings led gainers today, growing by 10% to close at N4.40. Sterling Bank gained 9.91% to close at N1.22. Fidelity Bank rose by 9.84% to N2.01. WAPCO leapt to N10.75, notching up 9.69% in the process. Custodian completed the top 5, climbing up by 9.52% to N5.75.

TOP 5 LOSERS

Cadbury topped the losers’ table today, declining by 10% to close at N6.30. Ardova shrank by 9.78% to end the day at N12.45. Mansard tumbled to N1.58, losing 9.71%. UACN Property dipped to N0.86, recording 9.47% loss. WAPIC closed at N0.26, going down by 7.14%.

READ ALSO: Fitch downgrades Nigeria’s foreign currency issuer rating to negative

TOP 5 TRADES

1.443 million shares worth N5.569 billion were traded today in 4,647 deals.

Omoluabi Mortgage Bank was the most preferred stocks today with 1.100 million units of its stocks worth N605 million traded in 1 deal. 161.051 million units of GTB shares priced at N2.900 billion exchanged hands in 814 transactions. FBN Holdings had 32.383 million shares valued at N140.759 million traded in 307 deals. Zenith Bank traded 28.580 million shares estimated at N366.324 million in 663 transactions. UBA traded 20.644 million shares valued at N110.063 million in 258 deals.

Ronald Adamolekun

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Ronald Adamolekun

Ronald Adamolekun is a creative writer with a mixed bag of experience in fields as diverse as data journalism, financial reporting and editing.

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