Stock Market News: Market Capitalisation Improves By N22bn


BEVERLY HILLS, March 11, (THEWILL) – Transactions on the Nigerian Stock Exchange (NSE) closed the week on Friday with market capitalisation appreciating by N22 billion or 0.25 per cent to close at N8.94 trillion from the N8.92 trillion recorded on Thursday.

Also, the All-Share Index, which opened at 25,923.77 gained 64.63 points or 0.25 per cent to close at 25,988.40.

Records from the trading floor show that Mobil led the gainers' chart as it gained N11.05 to close at N171 per share.

Total Oil followed with a gain of N7.05 to close at N150 per share, while Nigerian Breweries added N3.5 to close at N100 per share.

FlourMill appreciated by N1.78 to close at N20.16 per share while Oando Oil appreciated by 49k to close at N5.35 per share.

Conversely. Nestle led the losers' table with a N10 loss to close at N690 per share, while Dangote Cement depreciated by N1.01 to close at N164 per share.

Access Bank lost 22k to close at N4.42 per share, while GTBank and Zenith bank lost 5k each to close at N16.25 and N12.35 per share, respectively.

FBN Holdings was the most traded equity in the day's transactions, accounting for 23.98 million shares worth N88.62 million, while Fidelity Bank followed with an exchanged 16.12 million worth N19.91 million.

Trascorp sold 15.68 million shares worth N18.91 million and Zenith Bank traded 15.22 shares valued at N188.75 million.

In all, investors bargained on a total of 165.98 million shares worth N1.30 billion in 2,895 deals. The volume represented a 46 per cent decrease over the 310.65 million shares valued at N2.06 billion traded in 3,010 deals on Thursday.

Story by David Oputah