Bull’s Forceful Return Lifts Market Capitalization By N5billion

The Market Capitalization of the Nigerian Stock Exchange, NSE, on Friday, March 18, soared by N5 billion to close at N8.838 trillion against the N8.833 trillion posted on Thursday, March 17.

Also, the All-Share Index which opened at 25,679.03 improved by 15.76 points or 0.06 per cent to close at 25,694.79.

An analysis of the price movement showed that Nigerian Breweries recorded the highest price gain to lead the gainers’ table, appreciating by N5 to close at N105 per share.

It was trailed by Unilever with N1.40 to close at N29.45, while Zenith Bank chalked 50k to close at N12.79 per share.

Berger Paint increased by 45k to close at N9.46, while Union Bank garnered 27k to close at N5.77 per share.

On the other hand, Seplat topped the losers’ chart shedding N20 to close at N330 per share.

Lafarge Africa came second with a loss of N3 to close at N81, while GT Bank dipped 68k to close at N15.67 per share.

ETI declined by 65k to close at N14.35 and Dangote Sugar shed 41k to close at N5.90 per share.

NAN reports that GT Bank was investors’ delight with an exchange of 46.52 million shares valued at N733.37 million.

Zenith Bank followed with 33.31 million shares worth N437.11 million, while Access Bank traded 16.37 million shares valued at N64.99 million.

UBA sold 14.69 million shares worth N53.89 million and FBN Holdings exchanged 13.73 million shares valued at N45.73 million.

In all, investors bought and sold 222.25 million shares worth N1.89 billion achieved in 3,558 deals.