NSE mar­ket cap­i­tal­i­sa­tion rises fur­ther by N71­bil­lion

The Guardian (Nigeria) - - BUSINESS - By He­len Oji

THE bulls main­tained its dom­i­nance on the trad­ing floor of the Nige­rian Stock Ex­change (NSE), as more blue chip stocks joined the league of gain­ers, re­sult­ing to a fur­ther rise in mar­ket cap­i­tal­i­sa­tion by N71­bil­lion.

Specif­i­cally, at the close of trad­ing yes­ter­day, the All­share in­dex rose by 205.47 points or 0.5 per cent from 37,503.75 recorded on Tues­day to 37,709.20, while mar­ket cap­i­tal­i­sa­tion in­creased by N71­bil­lion from N13.061tril­lion to N13.132tril­lion.

On the price move­ment chart, 32 stocks recorded price ap­pre­ci­a­tion, as Nes­tle topped the gain­ers’ chart with 25.00 kobo to close at N1315.00 per share, while Forte Oil fol­lowed with 2.05 kobo to close at N43.20 per share.

Unilever added 1.79 kobo to close at N41.89 per share. UACN gained 0.60 kobo to close at N17.50 per share. Cad­bury ap­pre­ci­ated by 0.58 kobo to close at N12.33 per s h a r e . Ecobank­transna­tional In­cor­po­rated added 0.52 kobo to close at N16.98 per share. Guar­anty Trust Bank gained 0.50 kobo to close at N42.55 per share.

Dan­gote Flour­mills ap­pre­ci­ated by 0.32 kobo to close at N10.07 per share. Fi­delity Bank and Cham­pion Brew­eries each gained 0.18 kobo to close at N1.99 and N2.24 per share re­spec­tively.

Eight stocks con­sti­tuted the losers’ chart led by Mo­bil Oil with 2.85 kobo to close at N159.65 per share. West African Port­land Com­pany fol­lowed with 1.00 kobo to close at N49.00 per share. PZ Cus­sons dropped 0.47 kobo to close at N22.25 per share.

Na­tional Salt Com­pany of Nige­ria shed 0.25 kobo to close at N15.35 per share. Stan­bic IBTC de­pre­ci­ated by 0.05 kobo to close at N41.80 per share. Live­stock Feeds lost 0.04 kobo to close at N0.84 per share.

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