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NSE’s market capitalisation appreciates by N36 billion


Brokers on the floor of Nigerian Stock Exchange in Lagos.

Following price gains recorded by most bluechip stocks, transactions on the equity sector of the Nigerian Stock Exchange ( NSE) closed in an upbeat yesterday, causing market capitalisation to appreciate by N36 billion.

Specifically, at the close of trading yesterday, the All-Share Index rose by 101.17 points or 0.27 per cent to close at 37,990.74 compared with 37,889.57 achieved on Wednesday.

Also, the market capitalisation rose by N36 billion or 0.27 per cent to close at N13.519 trillion as against N13.483 trillion recorded on Wednesday.

On the price movement chart, Total oil topped the gainers’ chart with N10.95 kobo to close at N229.95 per share. Nestle followed with N10.00 kobo to close at N1485 per share.

Mobile appreciated by N8.64 kobo to close at N186.95 per share. WAPCO garnered N2.00 kobo to close at N45.00 per share. Nigerian Breweries added N1.16 kobo to close at N135.20 per share.

Dangote cement emerged the day’s highest price loser, adding 0.50 kobo to close at N230.00 per share. Cadbury followed with a loss of 8 kobo to close at N15.67 per share.

Honey Well Flour Mills was down by 7kobo to close at N2.12 per share.
Dangote Sugar Refinery lost 5 kobo to close at N20.10 per share. Fidelity Bank declined by 4 kobo to close at N2.45 per share.

TransNational corporation for the second consecutive day was the most traded with an exchange of 100.56 million shares worth N145.79 million. FBN Holdings followed with an account of 45.71 million shares valued at N410.98 million.

Fidelity Bank sold 42.25 million shares worth N103.02 million. United Bank for Africa exchanged 31.33 million shares valued at N 321.06 million, while FCMB Group traded 15.99 million shares worth N22.49 million.

In all, the volume of shares traded closed lower as investors bought and sold 322.39 million shares valued at N3.62 billion transacted in 3,354 deals.
This was in contrast with a turnover of 425.96 million shares worth N2.12 billion transacted in 2,937 deals on Wednesday.

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Nigerian Stock Exchange
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