Stock Market Capitalization Sheds N45billion on Sustained Bearish Momentum

The market capitalization of the 190 equities quoted on the Nigerian Stock Exchange, NSE, on Wednesday, March 30, lost N45 billion to end the day at N8.650 trillion from N8.695 trillion.

Market turnover closes positive as volume rose by 178.35 per cent against 28.80 per cent dropped recorded in the previous session.

The total value of stocks traded on the floors of the NSE today increased by 60% to N2.14 billion from N1.34 billion sold yesterday, while the total volume of stocks traded was 504.21 million in 3,374 deals compared to 282.7mn shares exchanged in 3,225 deals yesterday.

Top five financial gainers during the day’s transactions were SEPLAT which added N10, WAPCO and Dangote Cement which rose by N2 each, 7up which gained N1.41 and Flourmill which increased by 86 kobo per share.