News Column

NSE Market Capitalisation Up By N392 Billion As Index Gained 2.95 Per Cent

June 1, 2014

Transactions on listed equities on Friday closed on bullish note, as Market Capitalisation on the Nigerian Stock Exchange, NSE appreciated by over N392 billion.

About 671.260 million shares worth N11.87 billion were traded by investors in 5,869 deals during the day.

Friday's trading contrasted sharply with the 577.25 million shares worth N12.26 billion traded in 4,954 deals on Wednesday.

At the end of trading, market capitalisation rose by 2.95 per cent to close higher at N13.694 trillion, as against the N13.302 trillion achieved on Wednesday before the holiday on May 29 Thursday.

The All-Share Index, ASI also grew by 1187.64 points, or 2.95 per cent, to close at 41,474.40 points, from the 40,286.76 points achieved on Wednesday.

Seplat Petroleum led the gainers' table, appreciating by N23.95, to close at N658.95 per share.

Forte Oil followed with N19.88 to close at N213.88, while Dangote Cement grew by N7.99 to close at N235 per share.

Equally, Total Oil rose by N4.05 to close at N166.05, while Flour Mill improved by N3.65 to close at N76.65 per share.

On the other hand, Caverton Offshore continued the poor showing since coming to the market topping the losers chart after shedding about 28k to close at N5.41 per share.

African Prudential shares trailed with 12k to close at N3.23, while Fidson and Red Star Express depreciated by 10k each to close at N2.80 and N4.55 per share, respectively.

Cutix dipped by 8k to close at N1.82 per share.

The Financial Services sector remained the most active as GTBank emerged the most-traded equity with 91.40 million shares worth N2.72 billion.

Access Bank followed with 74.77 million shares valued N750.46 million, while Zenith Bank exchanged 73.13 million shares worth N1.85 billion.

Sterling Bank sold 40.05 million shares worth N93.29 million, while Nsltech traded 40 million shares valued N20 million.


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Source: AllAfrica

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