5 December 2017

Nigeria: Stock Exchange's Market Capitalisation Appreciates Marginally By N11 Billion

For the first trading day in December, equity transactions re-opened in an upbeat yesterday, following price gains recorded by major highly capitalised stocks, as market capitalisation inched up marginally by N11billion.

Specifically, at the close of transactions yesterday, the market indices of the Nigerian Stock Exchange (NSE), after Friday's public holiday witnessed a marginal growth of 0.08 per cent.

Precisely, market capitalisation rose by N11billion or 0.08 per cent to close at N13.225trillion against N13.214trillion achieved on Thursday.

Similarly, the All-Share Index, which opened at 37,944.60, grew by 29.98 points or 0.08 per cent to close at 37,974.58.

On the price movement chart, Nestle led the gainers' chart, appreciating by 15.11 kobo to close at N1, 330.11 per share. Seplat followed with a gain of N3.00 to close at N498.00 per share. Total gained 2.00 kobo to close at N240 per share.

Cadbury increased by 1.30 kobo to close at N14.25 per share while Nigerian Breweries appreciated by 1.20 kobo to close at N133.50 per share.

On the other hand, Mobil led the losers' chart with a loss of 7.44 kobo to close at N152.21 per share. Guinness shed 4.87 kobo to close at N92.64 per share. Forte Oil dipped by 1.00 kobo to close at N44.99 per share.

UACN lost 50 kobo to close at N17.00 per share, while Cement Company of Northern Nigeria dropped by 48 kobo to close at N9.39 per share.

Custodian and Allied Insurance emerged the toast of investors trading 70 million shares worth N262.51million.

FBN Holdings followed with 56.86 million shares valued at N412.05million, while Zenith Bank sold 55.62 million shares worth N1.39billion.

Transcorp transacted 54.17 million shares valued at N72.25million, while Fidelity Bank exchanged 50.53 million shares worth N103.12million.

In all, investors bought and sold a total of 500.19 million shares valued at N6.36billion transacted in 4,966 deals. This was in contrast with a turnover of 11.77 billion shares worth N21.34billion traded in 5,752 deals on Thursday.

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