NSE market capitalisation up N88bn

Posted by Chinyere Joel-Nwokeoma | 6 January 2018 | 1,254 times

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•Stock brokers on the floor of the NSE

Activities on the Nigerian Stock Exchange on Friday sustained the positive slide with the market capitalisation appreciating further by N88 billion, amid gains by blue chips.

The News Agency of Nigeria (NAN) reports that the market capitalisation which opened at N13.763 trillion rose by N88 billion or 0.64 percent to close at N13.851 trillion.

Also, the All-Share Index inched 247.14 points or 0.64 percent to close at 38,923.26 compared with 38,676.12 achieved on Thursday.

NAN reports that major blue chips posted price appreciation with Nigerian Breweries leading the gainers’ table with a gain of N2.10 to close at N138.10 per share.

Unilever followed with a gain of N1.99 to close at N41.85, while Forte Oil's value increased by N1.90 to close at N46 per share.

Guinness appreciated by N1.60 to close at N95.60, while Flour Mills added N1.43 to close at N31.88 per share.

On the other hand, National Salt led the laggards’ table with a loss of 61 kobo to close at N20.18 per share.

PZ Industries followed with a gain of 40 kobo to close at N20, while United Bank for Africa dropped by 24 kobo to close at N11 per share.

FBN Holdings was down by 23 kobo to close at N9.28, while Dangote Sugar depreciated by N1.43 to close at N31.88 per share.

NAN reports that a total of 753.31 million shares worth N11.02 billion were exchanged in 7,253 deals.

This was against the 825.13 million shares valued at N3.89 billion traded in 6,220 deals on Thursday.

Transcorp emerged the most traded equity, accounting for 171. 69 million shares worth N314.80 million.

Diamond Bank traded 89.668 million shares valued at N179.590 million, while FCMB Group sold 86.504 million shares worth N172 million.

Zenith International Bank exchanged N47.381 million shares valued at N1.32 billion, while Fidelity Bank sold 43.64 million shares valued at N129.04 million. (NAN)


Source: News Express

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