Nigerian stocks: Volume higher, Market Cap drops


Although the volume and value of shares traded at the Nigerian Stock Exchange (NSE) increased by 53.4 per cent, Tuesday, market capitalization reduced by N42 billion, to close at N7.15 trillion.

In all, investors’ spent N4.13 billion on 449.21 million shares exchanged in 4,428 deals, in contrast with the 292.92 million shares worth N2.35 billion traded in 3,962 deals on Monday.

GT Bank accounted for 88.03 million shares worth N1.39 billion exchanged in 528 deals. Dangote Sugar came second with a total of 68.11million shares valued at N280.71 million traded in 280 deals while UBA sold 49.61 million shares worth N198.28 million in 336 deals.

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The All- Share Index for the second consecutive day dropped by 130.02 points or 0.58 per cent to close at 22,422.43 as against 22,552.45 recorded on Monday.
Also, the market capitalisation depreciated by N42 billion or 0.58 per cent to close at N7.150 trillion as against the N7.192 trillion recorded on Monday.

FBN led the price losers’ chart with a loss of 47k to close at N10.63 per share. GTB trailed with 38k to close at N15.87, while International Breweries lost 29k to close at N5.63 per share. FCMB dropped 25k to close at N5, while UBN lost 23k to close at N4.52 per share. On the other hand, NewGold led the price gainers’ chart with a gain of N7 to close at N2,408 per unit.CAP followed with N1 to close at N25.30, while Presco grew by 71k to close at N15.70 per share.
Cadbury appreciated by 70k to close at N15.70, while Dangote Flour gained 31k to close at N6.62 per share.

For the full picture of gainers and losers, please click this link:
GAINERS for 15 May 2012

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