Business NSE Turnover Improves by 51%, Market Capitalization Drops by N39bn

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LequteMan

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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.

Investors reportedly 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.

The banking sector remained the investors' delight with FBN Holdings exchanging 30.82 million shares worth N422.71 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.
 

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