NSE’s market capitalisation up by N66 billion

Transactions on the Nigerian Stock Exchange continued in an upbeat yesterday, as more blue chip companies joined the gainers’ league, resulting to a further rise in market capitalization by N66 billion.

Yesterday, 20 stocks appreciated in price, led by ‎ Forte Oil with N18.90 kobo to close at N273.00. Mobil Oil followed with a gain of N10.20 kobo to close at N130.20 kobo, Nigerian Breweries appreciated by N5.80 kobo to close at N121.80 kobo, Lafarge Wapco increased by N1.75 kobo to close at N153.00.

Other gainers of yesterday’s transactions include; Dangote Cement, UACN, Okomu oil and Cement Company of Northern Nigeria, adding 0.95, 0.75 and 0.39 to close at N153.00, N19.50, N27.60 and N8.31 per share respectively.

ETranzact added 0.28 kobo to close at N3.20 per share. Nigerian Aviation Handling Company gained 0.17 kobo to close at N3.61 per share.
United Bank for Africa added 0.13 kobo to close at N3.65 per share. Airservice also gained 0.09 kobo to dclose at N1.92 per share.

However, Guaranty Trust Bank topped losers chart, dropping by N1.00 to close at N19.00, PZ industries trailed with a loss of N0.67 kobo to close at N28.31 kobo, Port Land Paint and Products fell by N0.16 kobo to  close at N3.42 kobo. Zenith International Bank declined by N0.13 kobo to close at N13.70 kobo and Transnational Corporation of Nigeria shed N0.12 kobo to close at N1.33 kobo.

Consequently, the market capitalisation of listed equities grew by N66 billion from N9.189 trillion recorded on Monday to N9.255 trillion.

The NSE All Share Index went up by 189.58 basis points to 26918.22 points from 26728.64 traded the previous day.                     
Volume of activities rose by 201.275 million as investors traded 397.257 million shares worth N2.644 billion in 2683 deals against 195.982 million shares cost N2.392 billion exchanged hands the previous day in 2387 deals. 

Further review of yesterday’s transactions showed that the banking subsector dominated in volume terms with 288 million shares worth N991.9 million while the conglomerates followed with 14 million units worth N100 million.Wema Bank recorded the highest volume of activities during the day, exchanging 161.464 million shares worth N138.885 million, Fidelity Bank followed with 60.521 million shares valued at N84.308 million, GTBank 34.350 million shares cost N656.635 million, FBNHoldings traded 24.569 million shares valued at N115.411 million and UBA sold 23.810 million worth N84.064 million