NSE Market Cap Drops By N314b
Trading on the floor of The Nigeria Stock Exchange (NSE) closed in red on Friday as the equities market went down by 3 39 per cent in for the week ended September 4, 2015.
Market Capitalisation closed at N9.699 trillion on Friday after it depreciated by N314.040 billion from N10.013 trillion recorded at the close of trading on Monday.
A turnover of 2.440 billion shares worth N21.071 billion in 22,736 deals were traded last week by investors on the floor of The Exchange in contrast to a total of 2.051 billion shares valued at N17.869 billion that exchanged hands last week in 21,762 deals.
The Financial Services Industry (measured by volume) led the activity chart with 2.027 billion shares valued at N14.261 billion traded in 12,944 deals; thus contributing 83.09 per cent and 67.68 per cent to the total equity turnover volume and value respectively.
The Natural Resources Industry followed with a turnover of 133.889 million shares worth N67.005 million in 16 deals. The third place was occupied by the Conglomerates Industry with 96.469 million shares worth N589.284 million in 1,238 deals.
Trading in the Top Three Equities namely – Access Bank Plc.; Zenith International Bank Plc and United Bank for Africa Plc (measured by volume) accounted for 1.297 billion shares worth N10.047 billion in 4,732 deals, contributing 53.18.per cent and 47.68 per cent to the total equity turnover volume and value respectively.