Market capitalisation appreciates by ₦21 billion
Trading activities on the Nigerian Stock Exchange (NSE) on Friday sustained a positive growth for the second consecutive day as the market capitalisation appreciated by ₦21 billion.
Newsmen report that the crucial market indices appreciated further with 0.18 per cent growth, following price gains by some blue chips.
Specifically, the market capitalisation hits ₦21 billion or 0.18 per cent to close at ₦11.879 trillion against ₦11.585 trillion recorded on Thursday.
Also, the All-Share Index rose by 59.28 points or 0.18 per cent to close at 32,540.17 compared with 32,480.89 posted on Thursday.
Seplat led the gainers table during the day, gaining ₦22 to close at ₦622 per share.
Nestle followed with a gain of ₦19.50 to close at ₦1, 400, while Nigerian Breweries added ₦4 to close at ₦93 per share.
PZ Cussons improved by ₦1 to close at ₦13.50, while International Breweries appreciated by 95k to close at ₦30.95 per share.
On the other hand, Dangote Cement topped the losers chart, shedding ₦5 to close at ₦205 per share.
Forte Oil trailed with a loss of ₦1 to close at ₦21.50, while ETI declined by 50k to close at ₦18 per share.
Cadbury was down by 35k to close at ₦9.05, while Mansard Insurance lost 20k to close at ₦1.86 per share.
Newsmen report that investors traded a total of 523.44 million shares valued at ₦3.12 billion in 2,778 deals, representing 131.58 per cent increase in volume.
This was against the 226.027 million shares worth ₦2.34 billion exchanged in 2,873 deals on Thursday.
GTBank was the most active stock, exchanging 08.54 million shares worth ₦1.89 billion in 171 deals.
Zenith Bank followed with an account of 82.47 million shares valued at ₦279.19 million in 287 deals while UBA traded 66.14 million shares worth ₦438.03 million in 153 deals.
Access Bank sold 61.52 million shares valued at ₦4.19 million exchanged in 107 deals, while JAIZ Bank exchanged 12.15 million shares worth ₦172.67 million in 22 deals.
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