Trading Records Increase Capitalisation By N33 Billion

Trading Records Increase Capitalisation By N33 Billion
August 11 19:20 2017 Print This Article

By Olaolu Oladipo, Lagos

Activities on the floor of the Nigerian Stock Exchange (NSE) returned on a positive note with the market capitalisation increasing by N33 billion on Friday.

The market capitalisation which opened at N13.133 trillion inched N33 billion or 0.25 per cent to close at N13.166 trillion at the end of trading for the week with All-Share Index rose by 95.75 points or 0.25 per cent to 38,198.60 compared with 38,102.85 achieved on Thursday.

A breakdown of the price movement chart indicated that Lafarge Africa lead the gainers’ table with a gain of N3 to close at N63 per share.

Unilever Nigeria trailed by N2.20 to close at N45.25, while Stanbic IBTC garnered N1 to close of at N41 per share.

Nigerian Breweries also gained N1 to close at N191 and Guinness appreciated by 50k to close at N91.50 per share.

On the other hand, Nestle topped the losers’ table declining by N8.01 to close at N120.80 per share while Conoil trailed with a loss of N1.71 to close at N32.59 and 7UP Bottling lost N1.04 to close at N96.96 per share.

Guaranty Trust Bank shed 42k to close at N39.60, while Dangote Flour dipped 29k to close at N6.38 per share.

A total of 353.65 million shares valued at N6.30 billion were exchanged by investors in 4,079 deals as against a turnover of 362.67 million shares worth N5.59 billion traded in 4,055 deals on Thursday.

Guaranty Trust Bank was the toast of investors having accounted for 61.83 million shares valued at N2.46 billion.

It was followed by UBA with 50.89 million worth N498.98 million, while Zenith international Bank sold 49.37 shares valued at N1.19 billion.

Access Bank accounted for 40.98 million shares worth N428.66 million and Fidelity Bank traded 20.38 million shares valued at N27.94 million.

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