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NSE Market Cap Up By N42.215bn As GSK Leads Gainers

By The Nigerian Voice
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The Nigerian bourse opened trading on a positive note yesterday when the twin indicators, the All Share Index and Market Capitalisation Stock Exchange appreciated today by 0.33 per cent each.

The all Share Index appreciated by 122.64 basis points or 0.33 per cent to close at 36,970.81 points as against 36,848.17 points, while market capitalization closes at N12.725 trillion after it appreciated by N42.215 billion, compared with N12.683 trillion it recorded last Friday.

The appreciation recorded in the share prices of Zenith Bank, ETI, Dangote Cement, Stanbic IBTC Holdings, and Dangote Sugar was mainly responsible for the gain recorded in the Index while year-to-date, the Index appreciated by 37.57 per cent.

GlaxoSmithKline Consumer-led the gainers’ table when it appreciated by 105 kobo to close at N22.05 per share, followed by Stanbic IBTC which grabbed 10-0 kobo to close at N43.00 per share, Zenith Bank nicked 80 kobo to close at N26.30 per share, National Salt Company of Nigeria increased by 65 kobo to close at N13.345 per share, while Presco gained 50 kobo to close at NM67.50m per share, among others.

Nigerian Breweries led the decliners’ table when it went down by 200 kobo to close at N163.00, followed by Vita Foam Nigeria which lost 12 kobo to close at N2.764 per share, Custodian and Allied Insurance depreciated by 10 kobo to close at N3.50 per share, Medview Airline lost 7 kobo to close at N1.52 per share, while Continental Insurance dropped 6 kobo to close at N1.38 per share, among others.

The total value of stocks traded on the floors of The NSE was N2.73 billion, up by 21.78 per cent from N2.24 billion recorded last Friday, while the total volume of stocks traded was 214.95 million in 4,262 deals.

The most actively traded sectors were: Financial Services (156.20mn), Conglomerates (31.43mn), and Consumer Goods (10.80mn).

The three most actively traded stocks were: Transcorp (30.99mn), UBA (25.46mn) and GT Bank (23.30mn)