NSE market capitalisation increases further by N65bn


The Nigerian Stock Exchange (NSE) market indicators for the second trading day in February sustained growth with the market capitalisation improving by N65 billion.

The market capitalisation which opened at N15.954 trillion rose by N65 billion or 0.40 per cent to close at N16.019 trillion, amid Dangote Cement gain.

Also, the All-Share Index inched 179.81 points or 0.40 per cent to close at 44,639.99 compared with 44,460.18 achieved on Thursday.

Dangote Cement led the gainers’ table growing by N3 to close at N278 per share.

Zenith International Bank followed with a gain of 90k to close at N31.95, while CCNN also appreciated by 90k to close at N19.50 per share.

PZ and Unilever rose by 70k each to close at N23.10 and N47.45 per share respectively.

On the other hand, Nestle recorded the highest price loss, declining by N25 to close at N1,445 per share.

Guinness trailed with a loss of N3 to close at N110, while Forte Oil depreciated by N2.50 to close at N48.45 per share.

Nigerian Breweries was down by N2.40 to close at N144.50 while Lafarge Wapco decreased by 50k to close at N54 per share.

An analysis of the activity chart indicated that FCMB Group was the most active in volume terms with an exchange of 86.56 million shares worth N22.87 million.

Skye Bank came second with an account of 76.02 million shares valued at N108.74 million, while Transcorp exchanged 42.61 million shares worth N98.74 million.

Diamond Bank traded 40.99 million shares valued at N130.59 million, while FBN Holdings sold 30.45 million shares worth N420.68 million.

In all, the volume of shares transacted dropped by 15.12 per cent as investors bought and sold 535.26 million shares valued at N3.61 billion in 6,054 deals.

This was against the 630.58 million shares worth N3.44 billion exchanged in 7,079 deals on Thursday.

Susan O.