Nigerian Stock Market Capitalisation Adds N37bn


SAN FRANCISCO, April 29 (THEWILL) – Trading activities on the Nigerian Stock Exchange (NSE) on Friday ended on a positive note with an upward movement of market capitalisation increasing further by N37 billion.

The market capitalisation, which opened at N8.584 trillion, improved by N37 billion or 0.43 per cent to close at N8.621 trillion while the All-Share Index rose by 105.33 points or 0.42 per cent to close at 25,062.41 compared with 24,957.08 on Thursday.

Nigerian Breweries recorded the highest price gain to lead the gainers' table, gaining N5.51 to close at N115.89 per share.

PZ came second with N1.01 to close at N21.36 and Presco gained 75k to close at N35.76 per share.

Cadbury garnered 73k to close at N15.50, while Zenith Bank appreciated by 42k to close at N12.70 per share.

On the other hand, Forte Oil, for the third consecutive day, topped the losers' chart, losing N11.28 to close at N214.35 per share.

Nestle followed with a loss of N4.74 to close at N615.26 and Lafarge Wapco dipped N2.34 to close at N67.99 per share.

Premier Paints lost 54k to close at N10.39, while UACN dropped 17k to close at N18.03 per share.

However, the volume of shares traded closed lower with 229.11 million shares valued at N1.50 billion exchanged in 3,493 deals in contrast with a total of 338.34 million shares worth N1.99 billion transacted in 3,428 deals on Thursday.

UBA was investors delight, accounting for 31.55 million shares valued at N107.28 million.

Transcorp trailed with a turnover of 29.10 million shares worth N28.91 million, while Zenith Bank accounted for 26.50 million shares valued at N333.59 million.

Further analysis showed that investors staked N19.95 million on 25.05 million shares of Wema Bank and FBN Holdings sold 20.02 million shares worth N73.05 million.

Story by David Oputah