A Review of the Nigerian Energy Industry

NSE market capitalisation rises by N50bn

Nigerian Stock Exchange16 November 2013, Abuja – Weekly trading on the Nigerian Stock Exchange, NSE, ended on positive note on Friday with the market capitalisation appreciating by 0.41 per cent.

The market capitalisation rose by N50 billion or 0.41 per cent to close at N12.117 trillion from the N12.067 trillion achieved on Thursday.

The rise in the market capitalisation was as a result of the listing of Computer Warehouse Group shares.

Similarly, the All-Share Index, which opened at 37,772.86, appreciated by 110.67 basis points or 0.29 per cent to close at 37,883.53.

NAN reports that LafargeWapco topped the gainers’ chart, appreciating by N5.30 to close at N111.30 per share.

MRS Oil grew by N4.88 to close at N52.51, while Dangote Cement chalked up N2 to close at N187 per share.

Oando rose by 35k to close at N12, while Transcop grew by 33k to close at N3.63 per share.

Guinness led the losers’ chart, losing N3.01 to close at N230 per share.

Nigerian Breweries came second among the laggards with a loss of N1.40 to close at N168, while Sterling Bank lost 39k to close at N42 per share.

Red Star Express dropped 22k to close at N4.28, while Diamond Bank lost 19k to close at N6.91 per share.

A breakdown of the activity chart indicated that the financial service sector was most active with 153.47 million shares worth N839.57 million in 2,131 deals.

UBA emerged the most traded stock, accounting for 30.10 million shares worth N241.04 million.

In all, the volume of shares traded appreciated by 35.38 per cent as 377.34 million shares worth N2.74 billion were traded in 4,835 deals.

This was in contrast to the 278.73 million shares valued at N2.93 billion achieved in 4,358 deals on Thursday.

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