Stock Market Capitalisation Rises to ₦13.135 on Improve Sentiments

Stock market

Stock Market Capitalisation Rises to ₦13.135 on Improve Sentiments

The prevailing bullish sentiment continued on the last trading day of the week as Nigerian Stock Exchange market cap hit ₦13.135 trillion.

Investors’ fortunes increased by ₦233 billion following price appreciation in some large and medium cap stocks.

Similarly, the All-Share Index increased by 446.36 points or 1.80 percent to close at 25,204.75 against 24,758.39 achieved on Thursday.

On the price movement chart, Mobil led the gainers’ table, increasing by ₦19.40 to close at ₦213.90 per share.

MTN Nigeria followed with ₦4 to close at ₦115, while BUA Cement gained ₦3.40 to close at ₦39 per share.

Nigerian Breweries jerked up by ₦2 to close at ₦39.50, while Conoil increased by ₦1.90 to close at ₦21 to a share.

On the other hand, Stanbic IBTC topped the laggards’ chart, shedding 30k to close at ₦32.55 per share.

Caverton trailed with a loss of 29k to close at ₦2.61, while Guaranty Trust Bank dipped 25k to close at ₦23.75 per share.

FBN Holdings lost 15k to close at ₦5.20, while May & Baker depreciated by 9k to close at N3.06 per share.

The banking stocks dominated activity chart with United Bank for Africa exchanging 49.17 million shares valued at ₦330.88 billion.

This was followed by Zenith Bank, accounting for 44.96 million shares worth ₦756.58 million, while FBN Holdings sold 30.07 million shares valued ₦156.79 million.

Guaranty Trust Bank sold 11.83 million shares worth 281.78 million, and Lafarge exchanged 11.63 million shares valued ₦131.54 million.

Overall, volume of shares traded closed lower as investors bought and sold 259.58 million shares valued ₦2.88 billion in 5,605 deals.

This was against a turnover of 350.77 million shares worth ₦3.71 billion transacted in 5,239 deals on Thursday.

Stock Market Capitalisation Rises to ₦13.135 on Improve Sentiments


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