Stock Market Value Shrinks to N9.491trillion on Fluctuating Performance

Trading activities at the Nigerian Stock Market closed the first week of new trading month in the Red zone even as performance on the bourse continues to fluctuate.
The Market Capitalization on Friday, June 3, lost 4.39% to N9.491 trillion as all other sectoral indices witnessed a fall.
Also traded during the week were a total of 6,500 units of Exchange Traded Products (ETPs) valued at N117,637.20 executed in 24 deals, compared with a total of 537,969 units valued at N56.655 million transacted last week in 43 deals.

A total of 151,970 units of Federal Government and Corporate Bonds valued at N170.962 million were traded in 5 deals compared to a total of 4,000 units of Federal Government valued at N4.438 million transacted last week in 8 deals.

At the end of trading during the week, 1.263 billion shares worth N11.583 billion in 17,434 deals were traded by investors on the floor.
This was in contrast to a total of 2.338 billion shares valued at N14.789 billion that exchanged hands last week in 24,942 deals.

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