Trading activities at the Nigerian Stock Exchange, NSE, moved farther south on Tuesday, August 15, as value of benchmark indices dropped.
As such, the All Share Index closed at 37.096.60 which is 2.25% lower than the previous session’s 37,950.96.
Similarly, Market Capitalization closed at ₦12.786 trillion against previous session of ₦13.081trillion, representing 2.25% decrease.
Investors in the Nigeria equities market continued their profit taking for the second consecutive session leading the bourse to lose N295 billion equivalent of 854.36 points, a 2.25 percent decline from Monday’s market index.
Meanwhile, increased volatility saw total deals grow by 28.50 percent, aggregate volume by 23.88 percent and aggregate value by 28.69 percent as investors continued profit taking and portfolio reshuffling on the strength of Q2 robust numbers.
Investors’ profit taking made the market breadth close negative as the stocks that declined in prices out-numbered the stocks that advanced in prices.
However, in spite of the decline recorded by the bourse, NESTLE gained 10kobo to grow its price by 0.01 percent in the day.
The 391.625 million units of equities traded for the day was 23.88% more than the previous session’s 316.122 million units. 5,285 deals recorded in the day represent an increase of 28.50% against previous session’s 4,113 deals..
Value of equities traded for the day increased by 28.69% more than previous session’s ₦4.224 billion to ₦5.436 billion which was recorded for the day.
