Investors Barter 261 Million Shares- NSE

Investors bartered 261 million shares Wednesday on the Lagos floor of the Ni­gerian Stock Exchange (NSE) just as the two top market indicators headed south in bearish trading.

At the close of business, both the All Share Index and market capitalisa­tion were down to 27,098.18 points and N9.307 trillion respectively as against their opening levels of 27,475.48 and N9.436 trillion. This downward trajec­tory might not been unconnected with the bearish sentiments still pervading the market.

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Floor of the Nigerian Stock Exchange Market
Floor of the Nigerian Stock Exchange Market

For instance, the list of decliners was still longer than the price advancers at 16 to 18.

Meanwhile, the Group Managing Di­rector and Chief Executive Officer of Vi­tafoam Nigeria Plc, Mr Taiwo Adeniyi, has expressed optimism that the company’s performance would not be affected ad­versely by the current business volatility in the country .

NSE: Investors barter 261m shares

Adeniyi, who unfolded some strategies to sustain shareholder value, explained that Vitafoam remained committed to value creation and delivery as one of the fundamental principles that define the company’s operations.

Commenting on the current efforts to sustain its competitive edge, he noted that the company places premium on the realignment of internal processes to cut waste, develop human capital and invest in Research and Development in conso­nance with the needs of the customers.

Adeniyi stated that the company‘s shareholder value would not be compro­mised, hence the need to remain innova­tive and competitive.

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Daniel Enisan is a content writer at edliner.com. With a degree in mass communication, Daniel is a full breed journalist. Daniel is a realist, loves the use of sarcasm, a movie and music junkie. He is also a poet and a good listener.

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