News Column

NSE Market Capitaisations Up By 0.15 Percent

June 23, 2014



Transactions on the Nigerian Stock Exchange (NSE) closed upbeat on Friday as the market capitalisation improved marginally by 0.15 per cent.

The appreciation recorded at the last trading , last week, according to market operators was due to price gains made by some capitalised firms.

As result of the bullish trading, the market capitalisation closed at N13.580 trillion when compared with the N13.560 trillion posted on Thursday.

Equally, the All-Share Index increased by 60.34 points or 0.15 per cent to close at 41,129.27 as against the 41,068.93 achieved on Thursday.

Analysis of the price movement chart indicated that Conoil topped the gainers' table by N6.37 to close at N68.60 per share. MRS Oil came second on the activity chart with N4.56 to close at N64, while Oando Oil appreciated by N2.81 to close at N30.37 per share.

CAP gained N2 to close at N42 and Nigerian Breweries appreciated by N1.50 to close at N165.50 per share. On the other hand, Julius Berger led the losers' chart by N1.52 to close at N69.35 per share.

Dangote Cement trailed with a loss of N1.19 to close at N225.01, while Glaxosmith dipped by N1 to close at N66 per share. GTBank dropped 87k to close at N28.83, while Bocgas lost N31 to close at N6.06 per share. A total of 419.092 million shares worth N4.44 billion were transacted in 5,740 deals from the 317.766 billion shares worth N4.19 billion traded in 5,162 deals on Thursday.

Transcorp remained the most traded stock, accounting for 80.19 million shares worth N392.80 million. Wapic Insurance followed with a total of 69.70 million shares valued N50.93 million, while UBA exchanged 23.74 million shares worth N190.19 million.


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Source: AllAfrica


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