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Nigeria’s Capital Market Traded Volume Dipped 45.46% On Friday

The volume of shares traded on the Nigerian Stock Exchange (NSE) on Friday dropped by 45.46 per cent as investors traded 137.05 million shares worth N920.53 million in 2,869 deals.

In the previous day trading session, 251.29 million shares valued at N1.58 billion exchanged in 2,954 deals.

Despite the drop in volume f traded shares, the market’s capitalization rose by N2 billion or 0.02 per cent to close at N13.203 trillion against the N13.201 trillion recorded on Thursday. As expected, the the All-Share Index (ASI) increased by 5.12 points or 0.02 per cent to close at 25,309.37 from 25,304.25 index points recorded the previous day.

At the end of the trading session, Access Bank led the activity chart, accounting for 25.78 million shares worth N162.51 million compared to FBN Holdings’ 15.65 million shares valued at N77.66 million, while FTN Cocoa traded 11.34 million shares valued at N2.34 million.

Other key active shares traded include Royal Exchange’s which accounted for 11.18 million shares worth N2.54 million, while FCMB traded 8.13 million shares valued at N17.18 million.

CAP Plc recorded the highest gain to lead the gainers’ chart, gaining 55k to close at N16.70 per share. Guaranty Trust Bank came second with 20k to close at N25.40, while Access Bank gained 15k to close at N6.40 per share.

United Capital increased by 5k to close at N3.10, while FCMB Group also gained 5k to close at N2.15 per share. However, Guinness led the losers’ chart, dropping by N1.45 to close at N14.15 per share.

FBN Holdings’ share trailed 10k to close at N4.95, while Ecobank Transnational Incorporated’s dipped 5k to close at N3.90 per share. Jaiz Bank lost 5k to close at 58k, while UACN also dropped 5k to close at N5.70 per share.

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