Market Capitalization Surges By N22billion as Trading Rests in Green Zone

Trading activities on the floor of the,Nigerian Stock Exchange, NSE, ended in the Green zone on Friday, March 11, as market capitalization surged marginally by N22 billion or 0.25 per cent.

Transaction closed at N8.94 trillion from the N8.92 trillion recorded on Thursday, March 10.

Also, the All-Share Index, which opened at 25,923.77 improved by 64.63 points or 0.25 per cent to close at 25,988.40.

Mobil led the gainers’ chart by N11.05 to close at N171 per share.

Total Oil followed with a gain of N7.05 to close at N150 per share, while Nigerian Breweries grew by N3.5 to close at N100 per share.

FlourMill appreciated by N1.78 to close at N20.16 per share and Oando Oil rose by 49k to close at N5.35 per share.
On the other hand, Nestle led the losers’ with a N10 loss to close at N690 per share, while Dangote Cement depreciated by N1.01 to close at N164 per share.

Access Bank lost 22k to close at N4.42 per share, while GTBank and Zenith bank dipped by 5k each to close at N16.25 and N12.35 per share, respectively.

FBN Holdings emerged as the most traded equity, accounting for 23.98 million shares worth N88.62 million, while Fidelity Bank followed with an exchanged 16.12 million worth N19.91 million.
Trascorp sold 15.68 million shares worth N18.91 million and Zenith Bank traded 15.22 shares valued at N188.75 million.

In all, investors exchanged a total of 165.98 million shares worth N1.30 billion in 2,895 deals.
The volume represented 46 per cent decrease over the 310.65 million shares valued at N2.06 billion traded in 3,010 deals on Thursday.