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Home Sectors BUSINESS & ECONOMY Market Cap Hits N117billion on Sustained Bull Trend
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Market Cap Hits N117billion on Sustained Bull Trend

June 12, 2017
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    Transactions on the floor of the Nigerian Stock Exchange, NSE, on Friday, June 9, maintained bullish force with market capitalization soaring by N117 billion or 1.03 per cent to close at N11.503 trillion compared with N11.386 trillion posted on Thursday, June 8.

     

    Similarly, the All Share index appreciated by 338.70 points or 1.03 per cent to close at 33,276.68 against 32,937.98 achieved on Thursday.

    The price movement chart showed Seplat at the top of  gainers’ table, inching by N43.56 to close at N468.56 per share.

    Forte oil followed with N5.97 to close at N64.30 and International Breweries increased by N2.99 to close at N32.23 per share. Presco gained N2.97 to close at N62.50, while Total N2.50 to close at N282 per share.

    Conversely, Flour Mills sat atop the losers’ table with a loss of N1.20 to close at N27.60 pet share. Mobil followed behind with a drop of N1.14 to close at N285.86, while Nigerian Breweries shed 50k to close at N156 per share. Unilever depreciated by 45k to close at N35.55, while UPL depreciated by 37k to close at N3.46 per share.

    Access Bank caught the attention of investors in volume terms, accounting for 125.01 million shares valued at N1.29 billion, followed by FCMB Group with 105. 75 million shares worth N147.48 million, while Diamond Bank sold 72.96 million shares valued at N108.26 million.

    FBN Holdings traded 71.99 million shares worth N504.32 million and Fidelity Bank exchanged 55.78 million shares valued at N80.12 million.

    At the end of the day’s transactions, a total of 686.30 million shares worth N6.07 billion were exchanged by investors in 6,785 deals in contrast to the 528.69 million shares valued at N4.84 billion in 5,603 on Thursday.

     

     

     

     

     

     

     

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