Nigerian Stock Exchange (NSE) N113 Billion Capitalization

The Nigerian Stock Exchange (NSE) transactions rebounded following the gains posted by some highly capitalized equities. News Agency of Nigeria (NAN) reports that the market capitalization inched N113 billion or 0.95 percent to close at N11.946 trillion against N11.833 trillion recorded earlier. All-Share Index, which opened at 32,413.48, rose by 308.70 points or 0.95 percent to close higher at 32,722.18.

The breakdown of the price movement table indicates that Dangote Cement led the gainers’ table, growing by N5 to close at N205 per share. The Nigerian Breweries followed with a gain of N2.70 to close at N88.70, while Unilever gained N2.30 to close at N43.50 per share. While Guinness appreciated by 50k to close at N79, while Zenith International Bank added 35k to close at N22.70 per share.

On the other hand, Seplat topped the Nigerian Stock Exchange (NSE) losers’ chart, dropping by N10 to close at N620 per shareNigerian Stock Exchange

Beta Glass trailed with a loss of N7.80 to close at N70.20, while Julius Berger was down by N2.35 to close at N21.55 per share. Flour Mills lost 60k to close at N20.60, while Lafarge declined by 50k to close at N21 per share. The volume of shares traded rose by 624.23 percent as investors bought and sold 662.02 million shares valued at N5.31 billion in 3,025 deals. This was in contrast with a total of 91.41 million shares worth N960. 91 million transacted in 2,529 deals. In order to encourage foreign investment into Nigeria, the government has abolished legislation preventing the flow of foreign capital into the country.

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Sunu Assurances emerged the toast of investors with an exchange of 500.12 million shares worth N100.02 million. Guaranty Trust Bank came second with a total of 41.83 million shares valued at N1.53 billion, while Fidelity Bank traded 20.28 million shares worth N38.67 million. Zenith International Bank exchanged 17.27 million shares valued at N389.06 million, while FCMB Group sold 11.87 million shares worth N18.77 million. Source

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