Trading activities on the floor of the Nigerian Stock Exchange yesterday sustained volatility as the composite All share Index closed negative, shedding 524.0 basis points as investors embarked on profit taking in the midst of first quarter earnings season.
The NSE All Share Index fell by 1.33 per cent to 38781.48 points from 39305.48 points traded on Tuesday.
Market Capitalisation of listed decreased by N274 billion or 1.33 per cent to N20.296 billion from N20.570 billion reported the previous day.
Capital market operators said investors and traders are waiting eargerly for the banking industry leaders stock such as Zenith Bank, Access Bank, FBNholdings among others to provide a clear direction in terms of repositioning of their investment, as Fidelity bank became the first bank to release first quarter result.
Investors traded 259.517 million shares valued at N1.915 billion in 3548 deals against 252.580 million shares cost N1.782 billion exchanged hands the previous day in 3477 deals.
A review of the investment showed that Chi Plc led gainers table during the day in percentage terms, gaining 10 per cent to close at N0.33 kobo, Portland Paint followed with a gain of 8.33 per cent to N2.60 kobo, Royalex added 7.14 per cent to N0.45 kobo, ABC Transport Ass. gained 6.90 per cent to N0.31 kobo, Japaul Gold up by 5.17 per cent to N0.61 per cent.
