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Overall investors net worth grew by 3.45% in November

04 December 2013, 20:31

Lagos -Investors net worth on the Nigerian Stock Exchange (NSE) appreciated by 3.45 per cent for the month of November, up from the 2.84 per cent achieved in October 2013.

The News Agency of Nigeria (NAN) reports that in the period under review, the All-Share Index grew by 1298 points to close at 38 920.85 points, compared with the 37 622.74 points achieved in October.

The market capitalisation rose to N796 billion or 6.83 per cent to close at N12.448 trillion, as against the N11.652 trillion posted in October.

The volume of shares traded increased by 35.47 per cent, as 9.51 billion shares worth N95.40 billion changed hands in 104 233 deals.

In October, investors sold 7.02 billion shares valued at N73.59 billion in 97 372 deals.

The Financial Services Sector emerged the toast of investors in the period under review, accounting for 5.06 billion shares worth N47.07 billion, traded in 51 295 deals.

Some capital market operators attributed the significant return on investment in November to the activities of market makers and the impressive third quarter results released by quoted companies.

-   NAN


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