NSE’s market capitalisation rises further by N242 billion

TRANSACTIONS on the trading floor of the Nigerian Stock Exchange continued on an upbeat yesterday, even as more blue-chip companies joined the league of gainers, resulting to a further rise in market capitalisation by N242 billion.

   Specifically, at the end transactions yesterday,  NSE All Share Index (ASI) increased by 724.98 basis points to 29177.58 points from 28452.60 points traded the previous day.

  Also the market capitalisation of listed equities appreciated by N242 billion to N9.735 trillion from N9.493 trillion recorded on Tuesday. 

   The NSE trading result showed that investors bought 424.325 million shares worth N3.486 billion in 4731 deals against 500.191 million shares valued at N3.498 billion traded the previous day in 4199 deals.       

    An analysis of the transactions for the day showed that Seplat Petroleum Development led the gainers table for the day, appreciating by N12.00 to close at N416.00, Dangote Cement followed with N5.80 kobo to close at N155.00 while Guinness Nigeria Plc, Nigerian Breweries and Lafarge Wapco grew by N5.65 kobo, N2.37 kobo and N2.04 kobo respectively to close at N124.70 kobo, N132.37 kobo and N80.10 kobo.

    On the contrary, Forte Oil topped losers chart, dropping by N4.94 kobo to close at N215.06 kobo, Julius Berger trailed with a loss of N2.07 kobo to close at N40.11 kobo while Flour Mills Nigeria Plc fell by N1.09 kobo to close at N29.30 kobo.

    Other companies depreciated in price were Unilever Nigeria Plc and International Breweries which dropped by N1.01 kobo and N0.97 kobo to close at N33.00 and N18.44 kobo.       

    Further analysis of the trading during the day indicated that Financial Service Sector was led the activities in volume terms accounting for 377.305 million shares valued at N2.298 billion in 2879 deals. Banking susector was the most active in the sector with account of 314.154 million shares valued at N2.003 billion made in 1859 deals. 

   Access Bank was the investors delight in the sub sector,trading 115.133 million shares worth N637.640 million shares in 140 deals. United Bank for Africa exchanged 59.634 million shares cost N190.195 million shares in 307 deals while Diamond Bank sold 45.290 milliopn shares valued at N161.141 million in 135 deals. 

    Other Financial Institutions subsector enhanced by FBN Holdings followed in the daily activities with a total of 52.568 million shares worth N287.617 million in 908 deals.