Market Capitalization Of Nigerian Exchange Goes Down To N19.95 Trillion

At the end of Tuesday's trading session on the Nigerian Exchange (NGX), 250.2 million shares were transacted in 3,534 deals, which correspond to a market value of N1.55 billion. This data, when compared with the previous trading day (Monday, May 24), shows an overall growth of 77% in volume of trade, and a 42% improvement in turnover. Today's trading session puts the current market capitalization of the Nigerian Stock Exchange at N19.95 trillion.

In the aggregate, 102 equities took part in trading, which ended with 12 gainers and 17 losers. C&I Leasing led the gainers with a 9.85% rise in share price to close at N4.46 per share, followed by Royal Exchange which saw a rise of 8.82%. Consolidated Hallmark Insurance and Neimeth International Pharma recorded growths in share prices of 7.27% and 7.02% respectively. 

 On the losing side, Lasaco Assurance came out last with an end-of-day price depreciation of 7.14% at N1.43 per share, followed by Champion Breweries which lost 5.66% of its share price, and Aiico Insurance which lost 4.96%. Infotech company Chams lost 4.76%.

Courteville Business Solutions recorded the highest volume of traded shares, as 36.8 million of its shares were exchanged today. It was followed by Zenith Bank which recorded activity on about 28.19 million. Jaiz Bank and Chams followed with 25.85 million and 16.1 million respectively.

For Indices, the major All-Share Index went down a bit but 0.08% or 30.82 points to wrap the day at 38,256. This represents a loss of 1.96% in just one week, as well as a loss of 2.24% in a month. Other Indices worth mentioning are the NSE Premium Index, which went down by 0.04%, The NSE Oil&Gas Index which remained static across the course of the week, and the NSE Top 50 Index which gained 0.4% over the week.