NSE Market Capitalisation Appreciates By 1.17%

Lagos – Activities on the Nigerian Stock Exchange (NSE) ended on positive note on Thursday with the market indicators appreciating by 1.17 per cent.

The News Agency of Nigeria (NAN) reports that the market capitalisation rose by 1.17 per cent to close at N13.444 trillion against the N13.288 trillion achieved on Wednesday.

Also, the All-Share Index, which opened at 41,469.94, appreciated by 487.56 points or 1.17 per cent to close at 41,957.50.

NAN reports that Nestle topped the price gainers’ chart, appreciating by N35 to close at N1,195 per share.

It was followed by Lafarge Wapco with a gain of N4 to close at N120, while Forte Oil chalked up N2.57 to close at N92.81 per share.

Dangote Cement rose by N2.01 to close at N232.01, while Unilever grew by N1.35 to close at N54.71 per share.

On the other hand, Guinness led the losers’ chart with N6 to close at N232 per share.

Nigerian Breweries followed, dropping N1.32 to close at N163, while Okomu Oil lost 40k to close at N43.99 per share.

Learnafrca dropped 20k to close at N1.99, while CCNN dipped by 19k to close at N10.31 per share.

The Financial Services Sector the most active with FBN Holdings accounting for 43.79 million shares worth N678.15 million.

It was trailed by FCMB as investors’ staked N99.04 million on 24.95 million shares.

Continsure accounted for 20.27 million shares worth N22.92 million, while Cileasing traded 18.72 million shares worth N11.95 million.

In all, the volume of shares traded appreciated by 6.44 per cent as 348.236 million shares worth N3.91 billion were traded in 5,868 deals against the 327.162 million shares valued at N3.37 billion achieved in 5,904 deals on Wednesday.