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NSE Market Capitalisation Increases By N121bn

By on February 6, 2013

Transactions on the Nigerian Stock Exchange (NSE) maintained the upbeat trend for the second consecutive day on Tuesday with the market capitalisation appreciating by N121 billion.

The News Agency of Nigeria (NAN) reports that the market capitalisation, which opened at N10.457 trillion, rose by N121 billion or 1.56 per cent to close at N10.578 trillion.

Also, the All-share Index rose by 379.34 points to close at 33,064.37 from the 32,685.03 posted on Monday.

Nestle and New Gold led the gainers’ chart by N14 each to close at N815 per share and N2, 566 per unit, respectively.

Flourmills gained N7.17 to close at N79.99 per share.

It was trailed by Lafarge Wapco with a gain of N2.57 to close at N74 per share, while Unilever advanced by N2.25 to close at N46.80 per share.

PZ gained N1.83 to close at N41.02 per share, while Ashaka Cement rose by N1.17 to close at N22.19 per share.

On the other hand, Nigerian Breweries recorded the highest price loss of N4.65 to close at N162 per share.

It was followed by Forte Oil with a loss of 87k to close at N16.67 per share, while Eterna lost 23k to close at N4.40 per share.

Livestock dropped 11k to close at N2.27 per share, while John Holt depreciated by eight kobo to close at N1.54 per share.

In all, investors exchanged 720.04 million shares worth N6.56 billion in 8,404 deals against 578.34 billion shares valued at N4.39 billion exchanged in 7,756 deals on Monday.