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BUSINESS & ECONOMYCapital MarketCOVERNEWSLETTER

Market Capitalisation Soars Higher With N25billion Gain

Nigerian Stock Market
Equity trading on the floor of the Nigerian Stock Exchange, NSE, on Tuesday,August 16 sustained a positive momentum as the market capitalisation further improved by N25 billion.

The market capitalisation which opened at N9.381 trillion rose by N25 billion or 0.27 per cent to close at N9.406 trillion, the News Agency of Nigeria, NAN.

Total led the gainers’ table, growing by N8 to close at N248 per share. Nigerian Breweries came second having chalked N1.48 to close at N134.40, while Guaranty Trust Bank appreciated by 43k to close at N24.59 per share.

Zenith Bank jumped by 25k to close at N15.25 and Okomu Oil also grew by 25k to close at N36.25 per share.

Conversely, Presco topped the losers’ chart, shedding N1.86 to close at N36.96 per share. Conoil trailed with a loss of N1.12 to close at N21.65 and Nestle dipped N1.02 to close at N824 per share.

Ecobank Transnational Incorporated dropped by 26k to close at N10.56, while Champion Breweries dropped by 25k to close at N2.85 per share.

At the end of trading, Zenith Bank emerged the most traded equity, accounting for 67.05 million shares worth N1.02 billion. It was followed by Access Bank with an exchange of 46.72 million shares valued at N259.26 million and UBA sold 15.65 million shares worth N67.62 million.

Investors bought and sold 12.94 million shares of FBN Holdings valued at N40.39 million, while Sterling Bank exchanged 12.07 million shares worth N12.29 million.

In all, a total of 235.89 million shares valued at N2.23 billion were exchanged by investors in 3,512 deals, against the 213.64 million shares worth N2.05 billion traded in 3,742 deals on Monday. (NAN)

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