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NSE transactions dip by 36.62% in March

02 April 2014, 15:59

Lagos - The total shares traded on the Nigerian Stock Exchange (NSE) in March dropped by 36.62 percent.

Statistics released by the NSE showed that investors traded 7.79 billion shares worth N83.59 billion in 92 958 deals during the month.

Transactions during the month were lower than the 12.29 billion shares valued at N99.34 billion traded in 104 578 deals in February.

A further breakdown of the market activities showed that the financial services sector remained the most active, accounting for 6.31 billion shares worth N46.04 billion traded in 52 945 deals.

The market capitalisation in March dipped by N261 billion to close at N12.446 trillion, against N12.707 trillion achieved in February.

Also, the NSE All-Share Index lost 810.88 points or 2.05 percent to close at 38 748.01 from the 39 558.89 recorded in February.

-    NAN

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