Connect with us

Business

NSE ROUND-UP: Trade volume down by 7.8% as stocks yield N131bn

Published

on

NSE delists Alumaco, Vono, 7Up, 19 others for non-compliance

Trade volume was 7.8% weaker on the Nigerian Stock Exchange (NSE) this week even though the rate of decline was lower than that of the week before, when liquidity fell by 84%. The bulls had the market in their grip, with the NSE returning N130.985 billion on investment as sentiment remained dominantly positive among investors.

All the key market performance indicators advanced. A negative market breadth was recorded, with 45 losers emerging against 22 gainers. The All-Share Index and market capitalisation respectively grew by 0.72% and 0.75%. While the former closed at 35,137.99 basis points, the latter closed at N18.365 trillion.

Trade volume of 1.675 billion shares worth N25.425 billion was recorded in 23,650 deals relative to the 1.816 billion shares valued at N25.791 billion posted in 31,665 deals last week.

Read also: NSE ROUND-UP: Profit-taking and unimpressive company financials erode stocks by N471bn

On the activity chart, the Financial Services sector dominated trade with 1.206 billion shares estimated at N12.064 billion traded in 13,534 deals. Specifically, it added 72% and 47.45% to the total equity volume and value respectively. The Consumer Goods industry came next, trading 102.368 million shares worth N3.616 billion in 3,511 deals. The Natural Resources sector was third, trading 86.626 million shares priced at N17.492 million in 28 deals.

As regards index movement, all indices fell save for the NSE Main Board, NSE Insurance, NSE ASeM and NSE Oil and Gas, which appreciated by 2.61%, 1.56%, 0.19% and 1.71% in that order.

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now