Equity transactions on the Nigerian Stock Exchange (NSE) on Monday reversed to negative trend after appreciating for three consecutive days, with market indicators depreciating by 0.06 per cent.
Market capitalisation depreciated by N6 billion to close at N9.56 trillion against N9.57 trillion achieved on Friday. Similarly, the All-Share Index recorded depreciation, dropping by 18.55 points or per cent to close at 27,839.93 points compared with 27,858.48 points achieved on Friday.
In spite of the decrease in equities, the volume of shares traded closed higher as a total of 328.203 million shares valued at N2.89 billion were transacted in 3,215 deals. This was in contrast with the 228.93 million shares worth N2.12 billion traded in 3,617 deals on Friday.
Access Bank drove the turnover volume, accounting for 84.09 million shares valued at N468.62 million. It was followed by FBN Holdings with a total of 54.15 million worth N166.40 million while UBA sold 38.54 million shares valued at N163.44 million. Skye Bank traded 38.54 million shares worth N24.98 million and Zenith Bank transacted 21 million shares valued at N303.34 millions.