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NSE market capitalisation increases by N12bn


Lagos – The market capitalisation of the Nigerian Stock Exchange (NSE) on Wednesday rebounded by 0.12 per cent after days of downward movement.

The News Agency of Nigeria (NAN) reports that the capitalisation appreciated by N12 billion to close at N9.974 trillion from the N9.962 trillion recorded on Tuesday.

Also, the All- Share Index rose by 33.66 points or 0.12 per cent from the 28,981.12 achieved on Tuesday.

A breakdown of the price movement showed that Forte Oil led the price gainers’ table, growing by N5.98 to close at N287.98 per share.

Nigerian Breweries followed with a gain of N3.49 to close at N133, while Flour Mills gained 95k to close at N21.85 per share.

Zenith Bank improved by 21k to close at N17.20, while Access Bank grew by 18k to close at N4.68 per share.[pro_ad_display_adzone id=”70560″]Conversely, Nestle topped the price losers’ chart, dropping N5.99 to close at N817.50 per share.

UACN trailed with a loss of N1.19 to close at N27.91, which Cadbury lost N1 to close at N19.10 per share.

Oando declined by 82k to close at N7.66 per share, while International Breweries shed 74k to close at N15.26 per share.

Access Bank emerged the most traded stock, exchanging 95.62 million shares worth N445.497 million.

Axa Mansard came second, accounting for 20.78 million shares valued at N55.89 million, while Transcorp sold 13.28 million shares worth N25.95 million.

FBN Holdings traded 11.23 million shares valued at N56.36 million, while Multiverse sold 7.88 million shares valued at N3.94 million.

In all, a total of 217.31 million shares worth N1.46 billion were traded by investors in 3,017 deals.

This was against 317.41 million valued at N1.81 billion exchanged in 3,721 deals on Tuesday. (NAN)

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