Leadership (Abuja)

Nigeria: Market Cap, Index Rise By N81Billion

Taiwo Ogunmola

18 November 2008


As market resumed yesterday, the market Capitalisation chalked up N81 billion to close at N8.390 trillion.

Also, All-Share Index rose from 37,876.06 points last week to 38,018.44 at the close of transaction on Monday.

Guinness Nigeria Plc topped on the gainers' table with a gain of N5.20 kobo to close at N109.23 kobo per share while Nigeria Bottling company followed with N1.50 kobo to close at N39.00 per share.

Other price gainers were Flourmill (N1.00), DANGSUGAR (N0.94 kobo), and UBA (N0.92 kobo).

On the other hand, Nestle Nigeria Plc took the first position on the losers chart shedding N10.70 kobo to close at N203.46 kobo, followed by Oando Plc losing N5.95 kobo to close at N113.07 kobo.

Other losers were BCC (N1.67 kobo), UACN (N1.67kobo) and CADBURY (N1.62 kobo).

Analysis of the trading on the floor of Nigerian Stock Exchange in terms of volume showed that investors staked 499.189 million shares worth N6.076 billion in 11,444 deals as against 414.743 million shares worth N4.336 billion in 14,171 deals.

The banking sub-sector maintained its first position in terms of volume as it traded 361.192 million shares worth N5.100 billion shares in 6,924 deals.

Insurance sub-sector came second with a total of 57.013 million shares valued at N135.252 million in 1,217 deals.

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