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NSE’s market capitalisation up by N27billion


Nigeria Stock Exchange

Nigeria Stock Exchange

Equity transactions on the floor of Nigerian Stock Exchange, yesterday, sustained rising profile, even as more highly capitalised stocks appreciated in price, causing market capitalization to increased by N27 billion.

Specifically, at the close of transactions yesterday, the market capitalisation of listed equities went up by 0.27 per cent to N9.872 trillion, from N9.845 trillion recorded the previous day.

A review of the transactions for the day showed that investors traded 211.433 million shares worth N2.850 billion in 3808 deals against 611.716 million shares valued at N5.617 billion traded in 3271 deals.

A breakdown of the investment showed that ‎PZ led gainers table for the day, increasing by N1.20 kobo to close at N25.55 kobo, Flour Mills Nigeria Plc followed with a gain of N0.97 kobo to close at N32.93 kobo, Stanbic IBTC appreciated by N0.76 kobo to close at N27.90 kobo and Dangote Cement rose by N0.58 kobo to close at N152.88 kobo and Nigerian Breweries grew by N0.50 kobo to close at N132. 00.

On the other hand, ‎Seplat Petroleum Development topped losers chart, shedding N18.08 kobo to close at N370.00, Nestle Nigeria Plc trailed with a loss of N15.00 to close at N805.00 while Guinness Nigeria Plc fell by N2.00 to close at N127.00.

Other companies that depreciated in price were CCNN and UAC of Nigeria which declined by N1.01 kobo and N0.71 kobo respectively to close at N10.79 kobo and N33.49 kobo.

Further breakdown the investment indicated that ‎Zenith International Bank recorded the highest volume of activities trading 47.508 million shares worth N782.608 million in 361 deals, First City Monument Bank came second with account of 16.866 million shares valued at N46.329 million in 188 deals, Transnational Corporation of Nigeria sold 15.530 million shares worth N41.108 million in 166 deals. Guaranty Trust Bank sold 15.251 million shares worth N342.756 million traded in 218 deals and United Bank for sold 14.485 million shares valued at N56.574 million in 274 deals.

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