Lagos- The total value of equities exchanged by investors on the Nigerian Stock Exchange for the month of May stood at N101.03bn, Punch reports.
Findings by our correspondent showed that the amount represented a significant increase of N12.52bn or 14 per cent over the N88.51bn worth of shares exchanged the previous month.
The value of equities represents the value of a company available to owners or shareholders. It is the enterprise value plus all cash and cash equivalents, short and long-term investments but less all short-term and long-term debts as well as minority interests.
More on Punch