Nigerian Stock Exchange (NSE) Market Capitalisation increases by N54billion

Nigerian Stock Exchange (NSE) Market Capitalisation increases by N54billion

Trading at the Nigerian Stock Exchange (NSE) on Wednesday maintained a positive trend with the market capitalisation increasing by N54 billion due to price appreciation.

The News Agency of Nigeria (NAN) reports that the market capitalisation, which opened at N8.246 trillion, rose by N54 billion to close at N8.300 trillion.

Also, the All-Share Index appreciated by 154.31 points or 0.64 per cent to close at 24,135.40 against 23,977.10 recorded on Tuesday.

Breakdown of the gainers’ table indicated that Seplat topped the table with a gain of N10 to close at N260 per share.

It was followed by Mobil Oil with N7.60 to close at N159.60, while Dangote Cement improved by N2.03 to close at N135.99 per share.

Okomu Oil chalked up N1.41 to close at N29.40 and Nigerian Breweries gained 95k to close at N97.01 per share.

Conversely, 7UP recorded the highest price loss to lead the losers’ chart, dropping by N9.19 to close at N174.79 per share.

Nestle dipped N5.02 to close at N700, while Unilever lost N1.67 to close at N31.76 per share.

GlaxoSmithKline decreased by N1.15 to close at N22.01 and Con Oil shed N1.01 to close at N19.24 per share.

Similarly, the volume of shares traded closed higher with a turnover of 320.75 million shares valued N1.82 billion exchanged in 3,178 deals.

This was in contrast with 169.50 million shares worth N1.52 billion transacted in 3,020 deals on Tuesday.

FCMB Group was the toast of investors’; accounting for 102.67 million shares valued N100.49 million in 170 deals.

Continental Assurance came second with 39. 51 million shares worth N38.72 million, while Equity Assurance sold 37.76 million shares valued N18.88 million traded in three deals.

Zenith Bank exchanged 30.83 million shares worth B381.68 million achieved in 560 deals and FBN Holdings recorded 21.36 million shares valued N83.28 million transacted in 298 deals.

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