NSE market capitalisation up by N392bn

Transactions on listed equities on Friday closed upbeat, with the Nigerian Stock Exchange (NSE) Market Capitalisation appreciating by N392 billion.

The News Agency of Nigeria (NAN) reports that the market capitalisation rose by 2.95 per cent to close higher at N13.694 trillion, as against the N13.302 trillion achieved on Wednesday.

The All-Share Index also grew by 1187.64 points or 2.95 per cent, to close at 41,474.40 points, from the 40,286.76 points achieved on Wednesday.

Seplat led the gainers’ table, appreciating by N23.95, to close at N658.95 per share.

Forte Oil followed with N19.88 to close at N213.88, while Dangote Cement grew by N7.99 to close at N235 per share.

Total Oil rose by N4.05 to close at N166.05, while Flour Mill improved by N3.65 to close at N76.65 per share.

On the other hand, Caverton topped the losers chart, shedding 28k to close at N5.41 per share.

Afriprud trailed with 12k to close at N3.23, while Fidson and Redstarex depreciated by 10k each to close at N2.80 and N4.55 per share, respectively.

Cutix dipped by 8k to close at N1.82 per share.

NAN also reports that 671.260 million shares worth N11.87 billion were traded by investors in 5,869 deals.

Friday’s trading contrasted sharply with the 577.25 million shares worth N12.26 billion traded in 4,954 deals on Wednesday.

The Financial Services sector remained the most active as GTBank emerged the most-traded equity with 91.40 million shares worth N2.72 billion.

Access Bank followed with 74.77 million shares valued N750.46 million, while Zenith Bank exchanged 73.13 million shares worth N1.85 billion.

Sterling Bank sold 40.05 million shares worth N93.29 million, while Nsltech traded 40 million shares valued N20 million. (NAN)