NSE market capitalisation rises by N92bn

Nigerian-Stock-Exchange25 May 2014, Lagos – Transactions on the Nigerian Stock Exchange, NSE, on Friday maintained the bullish trend with the market capitalisation appreciating further by N92 billion.

The News Agency of Nigeria, NAN, reports that the market capitalisation rose by N92 billion or 0.70 per cent to close at N13.831 trillion against N13.060 trillion achieved on Thursday.

Similarly, the All-Share Index, which opened at 39,553.00, appreciated by 278.83 points to close at 39,831.83.

Forte Oil, for the second consecutive day, led the gainers’ table, appreciating by N17.34 to close at N186.54 per share.

Mobil trailed with N5.10 to close at N130, while Nigerian Breweries rose by N2.63 to close at N176.13 per share.

Lafarge Wapco garnered N2.49 to close at N112.50, while Oando gained N1.72 to close at N20 per share.

Conversely, Sim Cap led the laggards’ chart, dropping N5.17 to close at N98.33 per unit.

Okomu Oil lost N1.70 to close at N32.30, while Beta Glass dropped 85k to close at N16.22 per share.

Caverton lost 74k to close at N7.02, while GTBank depreciated by 47k to close at N27.68 per share.

NAN reports that Transcorp was the most active stock with a turnover of 18.17 million shares worth N69.79 million.

It was followed by Oando with 17.58 million shares valued at N352.59 million, while FCMB traded15.94 million shares worth N61.53 million.

UBA sold 13.84 million shares worth N99.64 million, while FBN Holdings accounted for 11.02 million shares valued at N153.26 million.

In all, investors exchanged 198.03 million shares worth N3.09 million achieved in 5,187 deals on Friday against the 267.78 million shares valued at N3.18 billion traded in 3,937 deals on Thursday.

About the Author