Market Index & Capitalization Up by 1.43 Percent


Trading on the floor of the Nigerian Stock Exchange (NSE) on Monday 16, May 2016 witnessed an upward movement of 1.43 percent both on the All Share Index and Market Capitalisation. The outcomes shows that wealth has continued to exchange hand on the floor of the NSE.

At the close of business, 27 companies gained, 24 loss while 44 companies share prices did not changed out of 95 companies that was traded on. The All Share Index closed at 26,818.77 against the previous close of 26,441.03 while Market Capitalization closed at₦9.229 trillion against previous close at N9.099 trillion.

Volume traded decreased by 43.45 percent from 567.591 million to 320.999 million, while the total value of stock traded decreased by 41.10 percent from N3.575 billion to N2.106 billion in 4,524 deals. The Financial Services sector led the activity chart with 241.44 million shares exchanged for N1.297 billion. Conglomerates came next with 35.798 million shares traded for ₦0.05 billion, Oil And Gas, Agriculture, Consumer Goods sectors followed in that order on the activity chart.

Access Bank, United Bank for Africa, Transcorp, Fidelity Bank and FBN Holding Plc were the most active stocks by volume. Conoil, Oando, UBA, Caverton and Transexpr emerged the highest price gainers on the chart, while MRS, Vitafoam, Gcappa, Ikejahotel and UAC-Prop topped the losers chart.

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