NSE: Market cap grows by N76bn



Lagos Trading on the floor of the Nigerian Stock Exchange (NSE) yesterday took an upward trend following gain recorded by some blue chip companies. Specifically, the market capitalisation of listed equities appreciated by N76 billion or 0.59 per cent to N12.910 trillion from N12.834 trillion traded on Monday.

Similarly, the NSE All Share Index increased by 230.15 basis points from 38987.50 points recorded the previous day to 39217.65 points.  A review of the investment for the day showed that investors bought 277.688 million shares valued at N3.488 billion in 4793 deals against 188.237 million shares valued at N1.523 billion traded by investors in 3667 deals.

A breakdown of the trading result indicated that  Seplat Plc led gainers table, growing by N30.24 kobo to close at N635.04 kobo, PZ Cusson followed with a gain of N1.45 kobo to close at N33.45 kobo, Nigerian Breweries Plc grew by N0.95 kobo to close at N148.99 kobo. Guaranty Trust Bank Plc and Oando Plc improved by N0.80 kobo and N0.44 kobo respectively to close at N27.80 kobo and N15.74 kobo.

Conversely, ‎Mobil topped losers chart, dropping by N1.50 kobo to close at N120.50 kobo, Total Nigeria Plc trailed with a loss of N1.00 to close at N169.00 while UAC Property and development Plc declined by N0.60 kobo to close at N25.00. Other stocks that recorded price depreciation were Dangote Suger Refinery and First City Monument Bank Plc which loss N0.24 kobo and N0.16 kobo respectively to close at N9.75 kobo and N3.34 kobo.

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